Small Business Disaster Interruption
Loan Program

Eligibility

Small businesses located in Butte, Glenn and Tehama counties that have been affected by a federally declared disaster. 

This loan program is not designed to compete with SBA Disaster Loan Programs, but will compliment those programs by filling potential lending gaps.  

Program Details

Business working capital loan in an amount between $10,000 and $100,000, depending on each business’s individual needs. 

Larger loan requests with alternate rates and terms may also be considered. 

See flyer to the right of page for complete details.

Conditions

  • Repayment ability averaging 1.15x must be demonstrated with three years’ tax return. If 2019 tax return has not been filed, 12/31/19 financial statements may be accepted. 
  • Businesses must have been operating for a minimum of two years. 
  • Acceptable credit history is required.
  • Loan payment by ACH is required. 

Terms

Loan terms are 36 months; this includes 6 months interest only, followed by 30 months principal and interest, fully amortized. There is no prepayment penalty and loans may be paid in full upon funding from the U.S. Small Business Administration Office of Disaster Assistance EIDL program. 

Alternate loan terms may also be considered.

Interest Rates

These loans include a fixed interest rate set at Prime plus 1%.

Fees

Businesses must submit the completed loan application with a nonrefundable $50 application fee. If approved, this application fee can be reimbursed through the loan proceeds.

Submitting your Application

Please download the documents listed to the right of this page and submit your completed package to Jacqueline Byrne at jbyrne@3coreedc.org or mail to 3CORE, Inc. 2515 Ceanothus Avenue, Suite 105, Chico, CA 95973. Due to current restrictions regarding social distancing, applications will not be accepted in person.

For more information, please contact 3CORE at (530) 893-8732 ext. 208.

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.