CHICO, CA – June 22, 2022 – Tri Counties Bank announced today a partnership with the National Asian American Coalition (NAAC), to provide a Down Payment Assistance (DPA) Program
[vc_row][vc_column offset=\”vc_col-md-offset-2 vc_col-md-8\”][vc_column_text]True to its commitment, Mechanics Bank presented The National Asian American Coalition (NAAC) with two checks of $5,000 for a total of $10,000.
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NAAC is an authorized microloan intermediary lender of SBA. SBA microloans have certain conditions between the SBA and intermediaries and certain conditions between intermediaries and borrowers. NAAC is a HUD-Approved 501(c)(3) nonprofit housing organization and an emerging certified CDFI providing comprehensive counseling to over 10,000 minority families in diverse communities throughout California and as a CDFI, preparing clients for mortgages and linking qualified small business & non-traditional borrowers to loans and other financing options to assist underserved communities. To qualify for a loan, you must reside in an eligible state and meet underwriting requirements. Rates and terms are subject to change without prior notice.
National Asian American Coalition (NAAC) is licensed in California under California Finance Lender Law License #60DBO-93986.
