A new loan program has emerged that can help entrepreneurs and small business owners. It is through the NC Rural Center and the Gold Leaf Foundation.
The COVID-19 Rapid Recovery Loan Program can lend up to $50,000. Interest and payments are deferred for the first six months. Then, payments are amortized over 48 months at an interest rate of 5.5%. Once all the documentation is submitted, they expect to process an application within 4 days. For a program overview, click here. Applications are now open and you can jump straight to the on-line submission form by using this link.
WDI remains committed and engaged in helping the Downtown community and our small businesses through this difficult time. Like many people, we are closely monitoring negotiations in Washington DC. As new programs emerge and details are available, we will let you know.