Who's it for?
Entrepreneurs and small business owners in rural areas of North Carolina.
What problem does it solve?
Starting and growing a small business in rural areas can be met with many challenges, and business stimulation can be difficult.
How does it help?
Our programs provide financial backing and technical assistance to stimulate business creation and growth to provide capital, equipment, space, job training, and entrepreneurial skills.
Loans, loan guarantees, and grants are available to individuals, businesses, cooperatives, farmers and ranchers, public bodies, non-profit corporations, Native American Tribes, and private companies in rural communities. The financial resources of the Business Programs are often leveraged with those of other public and private credit source lenders to meet business and credit needs in under-served areas. The funding is intended to help improve the quality of life in rural communities by enhancing economic opportunities and ensuring self-sustainability for generations to come.