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Small Business / Entrepreneurship: Funding

Funding

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Funding a Small Business

Small Business Center (SBC) clients may access the online resources by visiting a Rowan-Cabarrus Library location near you or by contacting the Director of the Small Business Center. The Remote login for the SBC will be changed every semester.

Score

Score

Score has free webinars to help get you the funding needed.

SBA Loans Explained

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Types of Government-backed Business Loans

  • Economic Injury Disaster Loans
    The Small Business Administration's (SBA) disaster loans are the primary form of Federal assistance for the repair and rebuilding of non-farm, private sector disaster losses. The disaster loan program is the only form of SBA assistance not limited to small businesses
  • Indian Loan Guaranty, Insurance, and Interest Subsidy Program
    The purpose of the program is to help Indian-owned businesses obtain commercially-reasonable financing from private sources. The Division of Capital Investment manages the Indian Loan Guaranty, Insurance, and Interest Subsidy Program which breaks through the conventional barriers to financing for tribes and individual Indians.
  • 7(a) Small Business Loan
    7(a) loans are the most basic and most used type loan of the Small Business Administration's (SBA) business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the agency to provide business loans to American small businesses.
  • Certified Development Company (CDC) (504) Loan Program
    The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as equipment or real estate.
  • Microloan Program
    The MicroLoan Program provides very small loans to start-ups, newly established, or growing small business concerns, and certain not-for-profit childcare centers. Under this program, SBA makes funds available to nonprofit community-based lenders (Microlender Intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of…
  • Military Reservist Economic Injury Disaster Loan Program
    The purpose of the Military Reservist Economic Injury Disaster Loan program (MREIDL) is to provide funds to eligible small businesses to meet its ordinary and necessary operating expenses that it could have met but is unable to meet because an essential employee was "called-up" to active duty in their role as a military reservist. These loans are…
    Equity Investment - Small Business Investment Company (SBIC) Program
    The SBA’s Small Business Investment Company (SBIC) program seeks to stimulate and supplement the flow of private equity capital and long-term loan funds to small businesses, which small business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization when such capital is not available in…
  • Business and Industrial Loans
    The purpose of the Business & Industrial (B&I) Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide…
  • Fisheries Finance Program
    The Fisheries Finance Program (FFP) is a direct government loan program that provides long-term financing for the cost of construction or reconstruction of fishing vessels, fisheries facilities, aquacultural facilities, and individual fishing quota in the Northwest Halibut/Sablefish and Alaskan Crab Fisheries.
  • Business Physical Disaster Loans
    If you are in a declared disaster area and have experienced damage to your business, you may be eligible for financial assistance from the Small Business Administration (SBA). Businesses of any size and most private nonprofit organizations may apply to the SBA for a loan to recover after a disaster.

N.C. Department of Commerce

North Carolina Department of Commerce

The North Carolina Department of Commerce has a portion of their webpage dedicated to obtaining grants and incentives that can supply routes to grant government funding. They also have general information about general business inquiries, information on starting a business, expanding a business, as well as data, tools & reports.

Small Business Administration

NC SBTDC

The SBTDC offers a portion of their website to financing your business, as well as information about government contracts, a downloadable guide to capital opportunities, a FAQ page with commonly asked questions regarding financing a business, and more information on all aspects of starting a business in their technical library.