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