Golden LEAF funding will support the NC COVID-19 Rapid Recovery Loan Program by enabling loans to be made to eligible businesses for up to $50,000 with zero interest and no payments for six months. If not repaid in six months, the loan will automatically convert to a term loan.

The NC COVID-19 Rapid Recovery Loan Program is managed by the NC Rural Center, a statewide nonprofit that has been supporting small business owners for more than 30 years. The Rural Center will lead a broad coalition of nonprofit lending partners to directly assist small business owners. Participating Rapid Recovery organizations include Business Expansion Funding Corporation (BEFCOR), Carolina Small Business Development Fund, Mountain BizWorks, Natural Capital Investment Fund, and Thread Capital.

Small-business owners affected by coronavirus can learn more about the NC COVID-19 Rapid Recovery Loan Program and apply for a loan at https://ncrapidrecovery.org/ or to speak with someone about this program or other resources available to small businesses contact BLNC at 800.228.8443.