2009 California Corporations Code - Section 28400-28405 :: Chapter 6. Transaction Of Business

28400.  No licensee shall engage in any business other than the
following:
   (a) The business of providing financing assistance through the
purchase of securities of small business firms doing business or
proposing to do business wholly or substantially in this state.
   (b) The business of providing managerial assistance (including
managerial and technical assistance) to small business firms doing
business or proposing to do business wholly or substantially in this
state.

28401.  Each licensee shall use its best efforts to provide
financing assistance to small business firms doing business or
proposing to do business wholly or substantially in this state.

28402.  (a) Except as provided in subdivision (b), no licensee shall
provide financing assistance to any person other than a small
business firm in this state.
   (b) (1) If a licensee provides financing assistance to a small
business firm in this state that is a franchisor, the licensee may
also provide financing assistance to any small business firm in
another state that is a franchisee of the franchisor.
   (2) If a licensee provides financing assistance to a small
business firm in this state that is a franchisee of a franchisor, the
licensee may also provide financing assistance to any small business
firm in another state that is a franchisee of the franchisor.

28403.  Except as otherwise provided in subdivision (b) of Section
28402, no licensee shall provide financing assistance or management
assistance for use primarily outside this state.

28404.  (a) No licensee shall provide financing assistance to any
small business firm the primary business of which is to provide
financing assistance.
   (b) No licensee shall provide financing assistance to any small
business firm for the purpose of evading the requirements of this
division.

28405.  This section creates and authorizes an exempt class of
persons pursuant to Section 1 of Article XV of the California
Constitution. The restrictions upon rates of interest contained in
Section 1 of Article XV of the California Constitution shall not
apply to any evidence of indebtedness purchased by any licensee.