U.S. SBA Loans
Recorded Call on Connecting Small Businesses with U.S. SBA Loans
On April 3, the NCACC hosted a call with Thomas Stith, NC District Director for the SBA, for an overview of federal resources for small businesses during COVID-19. This recording (MP3) includes Q&A.
Other Loan Programs
NC Rapid Recovery
In response to the unique economic challenges of COVID-19, a consortium of public, private, and nonprofit partners came together and launched an innovative recovery-lending program to help support entrepreneurs like you and stabilize North Carolina’s small business sector.
View website
UNC Kenan Institute of Private Enterprise CREATE
UNC Kenan Institute of Private Enterprise CREATE Small Business & Economic Development Resources (includes database of grants and loans resources)
Examples of local bridge loan programs:
- One Buncombe Fund Small Business Loans
- Orange County Emergency Small Business Funding Program
- Person County COVID PIVOT Impact Loans
On-Demand Video
Local Government Emergency Loans for Small Businesses and Preparing Your Local Government to Apply for Federal/State/Private Grants
On April 1, the UNC School of Government hosted a Zoom call that addresses small business emergency loans by local governments, federal/state/private grants for pandemic issues, and grant proposals. An on-demand video now available.
Other Resources
NCDA&CS Offers Online Resources and Hotline for Questions About COVID-19
The N.C. Department of Agriculture and Consumer Services offers online resources and hotline for farmers, agribusiness operators and others who work in the agricultural industry to assist with COVID-19 concerns. Visit the web resource or call (866) 747-9823.
The Development Finance Initiative (DFI)
The Development Finance Initiative (DFI), a program of the UNC School of Government, is available to assist local governments who are considering or in the process of creating their own small business emergency loan programs to provide bridge loans to local businesses impacted by COVID-19. The DFI team is available to provide one-hour phone consultations at no charge with local government staff to think through loan program structures and financial modeling on a first-come, first serve basis. Learn more here.
Blogs & Articles
- ICMA Blog: How Local Governments Are Working to Keep Small Business Alive
- NCSU Institute for Emerging Issues Podcast, First in Future: The Impact on Small Business and The Response (recorded April 2)