The North Carolina Small Business Recovery Fund provides low-interest loans to businesses affected by natural disasters, including Hurricane Matthew, the western wildfires, Tropical Storm Julia or Tropical Storm Hermine.

The fund provides gap financing as a complement to Small Business Administration and other disaster recovery programs. SBA turndown does not disqualify applicants for these funds. Starting at $1,000, with no maximum loan amount, the average rates are between 5 percent and 9 percent and are evaluated on a case-by-case basis. Payments and interest may also be deferred.

To learn more about the loan terms and eligibility, visit or contact Larry Biggs, Business Development Officer Eastern Region, at or 252-364- 4425.

Carolina Small Business Development Fund