Federal Funds Available for Small Businesses

The North Carolina Rural Economic Development Center will continue to hold briefings for small businesses that might be eligible for the Capital Access Program (CAP), a $46.1 million federally funded program for small business lending.

The money, allocated under the 2010 federal Jobs Act, is expected to leverage more than $800 million in credit for small businesses in the state, which is one of two states so far to win U.S. Treasury Department approval to participate in the effort.

NC-CAP will partner with banks and other qualified lenders to reduce lender risks, enabling loans to businesses that might not otherwise qualify for financing.

The briefing sessions will include a 45-minute opening session that will provide a general overview of NC-CAP for lending institutions, business owners, local officials, economic development professionals, business service providers and other interested individuals. The second session (60 minutes) will be an orientation for lending institutions only. View full agenda.

Seating is limited and registration is required for the following sessions:

Sylva and Asheville: Monday, March 7
8:30 a.m.
Southwestern Community College Jackson Campus
Myers Auditorium, Room 148B, 447 College Drive, Sylva

12:30 p.m.
Asheville-Buncombe Technical Community College, Enka Site
Large Conference Room, 1459 Sand Hill Road, Candler

Greenville and Elizabeth City: Monday, March 14
8:30 a.m.
East Carolina University
Willis Center, Auditorium, 300 East First Street, Greenville

12:30 p.m.
Elizabeth City State University
K.E. White Graduate Center, 1806 Weeksville Road, Elizabeth City

For more information contact the N.C. Rural Economic Development Center: www.ncruralcenter.org or (919) 250-4314.