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Small Business Support Can Make A Big Difference.

COVID-19 Response

New Loan Options Now Available

Mountain BizWorks is joining with partners from across the state to launch an innovative recovery resource – the NC COVID-19 Rapid Recovery Lending Program. This program is being launched with an initial allocation of $15 million from the Golden LEAF Foundation (just announced this morning) to the NC Rural Center who is coordinating the multi-lender partnership.

Not a grant program

Mountain BizWorks issued NC COVID-19 loans are not designed to be a singular source of assistance for small businesses. Repayment is expected either from more permanent funding sources or from the future cash flow of the business.

  • Maximum loan size: $50,000
  • 6 months of no interest and no payments, followed by 48 months of principal and interest payments at 5.5% interest

After 6 months, any principal not repaid converts to a 3-year note at 7.5% interest.

How to apply

Full program details and information on how to apply online are available through our website.


CLICK HERE FOR DETAILS!

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