Current Operations Status
Our offices are currently closed to the public. All staff are available to assist by phone and email. North Carolina currently is in Phase 3 of its reopening plan. CSBDF is abiding by the Governor’s request that, where possible, organizations should continue with their remote working plans.
CSBDF’s Small Business COVID-19 Programs
NC RETOOL Grant Program
Established by the State of North Carolina
Historically underutilized small businesses within North Carolina can qualify for a grant (base of $10,000 and up to $25,000) for entities that have been negatively impacted by COVID-19. For more information and to learn how to apply, visit the program page.
Small Business Recovery Fund
Established by the City of Durham, Durham County, and Duke University
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. Each program has its own requirements related to employee count and revenue, but small businesses that qualify can access aid from both programs. Please review our video recordings (in English and Spanish) for additional details about the application process, eligibility, and required documentation.
Small Business Emergency Stabilization Loan Fund
Established by Mecklenburg County
For small businesses located within Mecklenburg County, affordable financing is available in the form of loans ranging from $5,000 to $35,000. For more information about the program, visit this page.
Small Business Administration Assistance
The SBA’s Economic Injury Disaster Loans (EIDLs) provides loans up to $150,000 to help overcome the temporary loss of revenue due to COVID-19. 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. 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. For questions about this programs, please contact SBA disaster assistance hotline at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail email@example.com.
Helping Current CBSDF Borrowers
If your small business is in need of a payment modification on your loan with us we want to assist you. 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. If you cannot provide a requested document, please provide a brief explanation. You may submit the information to firstname.lastname@example.org. For us to best assist you we ask that you send the following information.
- A brief statement explaining how the pandemic is affecting your business.
- Most recent three years of business tax returns. If you have not filed your 2019 business tax return yet, please provide a 2019 year-end profit & loss statement and a balance sheet.
- Last three years personal tax returns for all guarantors on the loan.
- Personal Financial Statement for all guarantors on the loan.
- A 12-month projection, broken down on a month-by-month basis, for your small business.