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NC COVID-19 Rapid Recovery Loan

Carolina Small Business Development Fund is providing NC COVID-19 Rapid Recovery Loans as a vital resource to help small businesses be resilient in the face of the coronavirus crisis. These are primarily designed to be a timely source of bridge loan financing until businesses can access SBA Disaster or other federal disaster funding.

NC COVID-19 Rapid Recovery Loans

Carolina Small Business Development Fund is providing NC COVID-19 Rapid Recovery Loans as a vital resource to help small businesses be resilient in the face of the coronavirus crisis. These are primarily designed to be a timely source of bridge loan financing until businesses can access SBA Disaster or other federal disaster funding.

This is not a grant program

CSBDF-issued NC COVID-19 loans are not designed to be a singular source of assistance for small businesses. Repayment is expected either from more permanent funding sources or from the future cash flow of the business.

Loan details

Loans are available for up to $50,000, based on the business’s current revenue. Loan agreements are structured as follows:

Who is eligible?

Requirements