The North Carolina COVID-19 Rapid Recovery Lending program supports North Carolina small businesses and family farms as they recover from the economic impact of COVID-19, but they ran through funds very quickly at the start of this crisis. The NC General Assembly just approved additional new funding, so applications have been re-opened for this loan program
These are first come, first serve and we encourage our small businesses to apply as soon as possible here.
It still includes a limit on the number of employees per business, a minimum interest rate for the first six months of the loan term, and has extended the time for repayment.
Visit ncrapidrecovery.org/ for more information and to apply.