The program provides loan assistance for business projects that appear viable.
Loan amount available:
$50,000 maximum/$5,000 minimum (subject to availability of funds).
- 3% fixed for term of 10 years or less
- 5% fixed for term of over 10 years
Based on project need up to 20 years
Primary eligibility requirements:
- Minimum of 10% from Applicant/Borrower
- Good personal credit history
- Request for assistance from a bank with a physical location in the NCRPC 12-county service area
Unsecured, with owners as co-borrowers.
See Business Finance Program for assistance.