The Golden LEAF Foundation is offering a $15 million rapid recovery loan program in response to economic losses related to Coronavirus (COVID-19). The North Carolina COVID-19 Rapid Recovery Lending program supports North Carolina small businesses and family farms. This rapid recovery loan helps small businesses bridge the gap between when crisis strikes and when federal loans, insurance payouts, and other relief funds are approved, or businesses have time to recover.
Golden LEAF funding will make loans available to eligible businesses for up to $50,000 with zero interest and no payments for six months. Loans that are not repaid in six months will automatically convert to term loans. Businesses are eligible if they:
Agreements are structured like this:
Visit the NC Rapid Recovery website to learn more and apply online.