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 https://carolinasmallbusiness.org/initiatives/smallbusinessrecoveryfund/ or contact Larry Biggs, Business Development Officer Eastern Region, at email@example.com or 252-364- 4425.
Carolina Small Business Development Fund