Loan Program

Eligibility

3CORE manages multiple Revolving Loan Funds to meet local financing needs. 

Businesses seeking financing must be located within Butte, Glenn or Tehama Counties

Use of Proceeds

3CORE loan proceeds may be used for any of the following:

  • Working capital
  • Purchasing land, buildings or existing businesses
  • Purchasing furniture, fixtures, machinery and equipment
  • Business expansions or start-ups
  • Leasehold improvements
  • Lines of Credit

Size

3CORE typically finances loans between $25,000 – $250,000. However, we will consider requests outside this range under certain circumstances.

Terms

Loan terms are generally between three and seven years. Loan terms for purchasing land, buildings or businesses may be up to 15 years.

Interest Rates

Interest rates range between 6 – 10 percent dependent on market conditions. Most loan terms feature a fixed interest rate.

Requirements

To ensure a successful partnership, our small business loan customers must invest, at a minimum, 10 percent of the total project cost. 

Fees

Completed applications must include a processing $250 fee. Upon approval, an additional loan processing fee will be charged (generally 2 to 3 percent of the total loan amount) and all direct closing costs.

Additional Forms

Disclaimer

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning creditors is The Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.