Governor Roy Cooper announced Tuesday a $40 million relief program to help offset fixed costs like rent, mortgage interests and utility bills. Business applicants from certain industry sectors that have not been able to operate during the pandemic can apply for up to two of their business locations. Most recent three years of business tax returns. CHARLOTTE, NC – Thousands of North Carolina small business owners have the opportunity for more financial relief after a new grant was announced on Thursday by Gov. Submit your completed form or letter to USDA by mail to: U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov. These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. All staff are available by email and phone. The NC COVID-19 Rapid Recovery Loan Program now allows businesses to borrow up to $250,000 with no payments and 0.25 percent … They deserve our support, and this new initiative can help them weather this tough time,” said Cooper. Last three years personal tax returns for all guarantors on the loan. September 22, 2020 at 2:49 PM EDT - Updated September 22 at 2:49 PM, Bars, taverns, night clubs, cocktail lounges, Motion picture/movie theaters (except drive-ins). CSBDF offices are currently closed to the public to comply with NC's Phase 3 reopening guidelines. According to Cooper, applicants can apply for up to four months of mortgage interest or rent expenses, and utility expenses. Officials say the Department of Commerce will begin accepting applications soon, but have not provided an exact date. Personal Financial Statement for all guarantors on the loan. You may submit the information to creditadmin@carolinasmallbusiness.org. Equal Opportunity Lender, Provider and Employer. All Rights Reserved. The interest rate is 3.75% for small businesses and 2.75% for non-profits. Terms are determined on a case-by-case basis, but can be up to 30 years. Copyright 2020 WBTV. Discrimination is prohibited by Federal Law. The fund provides gap financing as a complement to Small Business Administration and other disaster... Loan Eligibility:. The disaster declaration allows eligible businesses to apply for low-interest economic injury disaster loans, which means potential relief for thousands of businesses across North Carolina… Each program has its own requirements related to employee count and revenue, but small businesses that qualify can access aid from both programs. 3128 Highwoods Blvd., Suite 170, Raleigh, NC 27604 A Gray Media Group, Inc. Station - © 2002-2020 Gray Television, Inc. As travelers funnel through Charlotte Douglass International Airport, businesses hope that means more revenue in the Queen City. For that schedule and additional information on the program, visit www.nccommerce.com/murr. 1 Julian Price Pl.Charlotte, NC 28208(704) 374-3500. This rapid recovery loan helped small businesses bridge the gap between when crisis strikes and when federal loans and other relief funds are approved, or businesses have time to recover. A brief statement explaining how the pandemic is affecting your business. Resources and updates for small businesses, entrepreneurs, and community economic development practitioners affected by the COVID-19 pandemic. All rights reserved. DETAILS: The North Carolina COVID-19 Rapid Recovery Lending program helps small businesses bridge the gap between when a crisis strikes and when federal loans, insurance payouts, and other relief funds are approved, or businesses have time to recover. The firm builds portable storage units and trailers at its plants in Mount Airy. For small businesses located within Mecklenburg County, affordable financing is available in the form of loans ranging from $5,000 to $35,000. Read more about 2012 North Carolina Small Business Person of the Year Leonard USA is creating jobs in rural Surry County where unemployment was as high as 13% in recent years. If your small business is in need of a payment modification on your loan with us we want to assist you. Health care workers are reminding the community to continue to take the virus seriously, especially as more holidays and family gatherings are being planned. Our offices are currently closed to the public. CSBDF’s Small Business COVID-19 Programs Small Business Recovery Fund Established by the City of Durham, Durham County, and Duke University. RALEIGH, N.C. — North Carolina small business owners who are suffering losses due to the coronavirus pandemic can now apply for federal aid. The North Carolina COVID-19 Rapid Recovery Loan Program supported North Carolina small businesses and family farms as they recovered from the economic impact of COVID-19. For us to best assist you we ask that you send the following information. The N.C. Mortgage, Utility and Rent Relief (MURR) can provide up to $20,000 in relief funds per qualifying business location. (919) 803-1437. Please review our video recordings (in English and Spanish) for additional details about the application process, eligibility, and required documentation. North Carolina currently is in Phase 3 of its reopening plan. Gov. Still, business owners are struggling to stay afloat and navigate the application process. If you have not filed your 2019 business tax return yet, please provide a 2019 year-end profit & loss statement and a balance sheet. Copyright © 2020 Carolina Small Business Development Fund. RALEIGH, N.C. (WBTV) - Some small businesses in North Carolina that saw disruptions to their operations due to the coronavirus pandemic may soon get help. Business leaders can learn about the MURR program by registering for one of the free educational webinars offered by the Department of Commerce over the next two weeks. For questions about this programs, please contact SBA disaster assistance  hotline at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov. If you cannot provide a requested document, please provide a brief explanation. If you're expanding your business or moving to North Carolina, or making changes to your business, check this website for the business registration, licensing, tax and employee implications. To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. “Small businesses are the backbone of our economy – powering our local communities and giving back in so many ways. All staff are available to assist by phone and email. Roy Cooper . After months of effort, Jennifer Moxley, the owner of Sunshine Media Network was just approved for a $10,000 … Each program has its own requirements related to … Governor Roy Cooper announced Tuesday a $40 million relief program to help offset fixed costs like rent, mortgage interests and utility bills. Small businesses located within Durham county can access both loan ($5,000 to $35,000) and grant (up to $10,000) funds for small businesses adversely affected by the COVID-19 pandemic. Please note that the financial information we are requesting is to assist us in keeping our loan files compliant with certain requirements of SBA and various funders and to better address your needs. Join our mailing list to receive COVID-19 updates about our programs and resources. previously known as The Support Center

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