PACE Finance Corporation (PFC) has launched the Disaster Express Loan Program to deliver fast, flexible, and affordable financial assistance to individuals, families, and small businesses affected by the 2025 California wildfires.
If you’re in need of additional wildfire resources, click here to view PACE’s full resource list.
Program Details
Program: Disaster Express Loan Program
Loan Amount: $5,000
Interest Rate: 5% annum fixed
Loan Term: 24 months, first payment deferred for 3 months
Loan Purpose: Immediate disaster relief & working capital
Eligibility:
- Must qualify as a small business under federal or state definitions.
- Must operate in an affected area as defined by disaster zones outlined on the Los Angeles County’s official website, where addresses can be verified as being in a fire-damaged zone. Verification can be done by visiting https://recovery.lacounty.gov.
- Must have been in operation for at least 12 months prior to the disaster.
Documentation Requirements:
- Disaster Loan Application
- Government-issued photo ID
- Credit Report (PFC will obtain this and a minimum score of 600 is required)
- Business License or BTRC
- Business Bank Statements for the last 3 months or Personal Bank Statements for the last 3 months
- Most recent Tax Return or Income Statement (optional)
- Formal hardship letter of how the applicant and their business were impacted by the wildfires
- Documentation of wildfire impact (photos, insurance claims, FEMA application, etc.)
Application Process:
- Submit an application with a PACE loan counselor.
- Provide all required documentation.
- Application review and decision within 3 business days.
- If approved, funds disbursed within 48 hours (ACH or check, but ACH preferred).
More Information:
- For questions, please contact [email protected] or call (213) 989-3172
- Click here to visit the program website.
- Click here to download the program flyer.