As the regions, lead economic development organization, Yuba-Sutter Economic Development Corporation (YSEDC) has partnered with local jurisdictions, United States Department of Agriculture and local lending institutions to create several loan programs to make credit available to entreprenuers that may not be able to qualify under conventional lending criteria. YSEDC's business loan program offers financing to existing and start-up businesses, preparing them for growth and expansion and ultimately strengthening our local economies by creating new jobs.
Potential candidates include established small and medium sized businesses or new start-up businesses and can be corporations, partnerships or sole proprietors that are located within Yuba and Sutter Counties.
Purchase of land, buildings, machinery and equipment
Working capital for inventory, supplies, wages, marketing and advertising
Business start-up costs
In general, loans are available from $25,000 to $150,000. Loan requests either larger or smaller that the listed range may also be considered.
Terms & Rates
Based on the loan and the borrower needs, interest rate is generally fixed at or below prime rate.
Creation of one job for every $35,000 borrowed
Adequate new or existing collateral as loan security
Commitment of new equity by the borrower (10% for exisitng businesses, 20% for start-ups)
Business located within Yuba and Sutter counties
How to Apply
Interested businesses must complete a Yuba-Sutter Economic Development Corporation loan application and submit it with a $250 non-refundable application fee to:
Yuba-Sutter Economic Development Corportation
950 Tharp Road, Suite 1303
Yuba City, CA 95993