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Capital Access Program
Mission: To develop, promote, and implement sound economic
strategies to improve the quality of life of rural North Carolinians.
Qualification to use: Any legal business entity incorporated in
the state North Carolina is eligible to apply.
Organization: NC Rural Economic Development Center, Inc.
Funded by: N.C. General Assembly and U.S. Congress
through the Small Business Administration
Contact: Businesses should contact a commercial loan officer of
a participating bank.
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Community Development Corporation Grants
Mission: To develop, promote, and implement sound economic
strategies to improve the quality of life of rural North Carolinians.
Qualification to use: To be eligible under this program, an
organization must be incorporated under N.C. General Statute 55A and must
have received its federal 501(c)(3) tax-exempt status. It also must be
able to provide evidence of organizational activity.
Organization: NC Rural Economic Development Center, Inc.
Funded by: State of North Carolina
Contact: Applications may be obtained by contacting the center.
Anthony Powell, Director,4021 Carya Drive, Raleigh, NC 27610, Telephone:
919-250-4314, Fax: 919-250-4325
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N.C. Microenterprise Loan Program
Mission: In operation since 1989, the Rural Center's
nationally award-winning Microenterprise Loan Program provides rural
people with small business loans to help them become self-sufficient
through business ownership.
Qualification to use: Anyone who wishes to start or expand a
small business in one of the 85 rural counties of North Carolina and meets
the following minimum criteria may apply: is at least 18 years old; has a
business with fewer than 10 full-time employees; is a U.S.
citizen/permanent resident and resident of North Carolina. Special
emphasis is placed on serving rural, low-income, female and minority
borrowers.
Organization: NC Rural Economic Development Center, Inc.
Funded by: State of North Carolina
Contact: Carolyn Perry, Director, Microenterprise Loan Program,
4021 Carya Drive, Raleigh, NC 27610, Telephone: 919-250-4314, Fax: 919-250-4325, E-Mail: [email protected]
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