Loan Programs Print E-mail

SMALL BUSINESS RESOURCE CENTER

MISSION: Increase the economic well-being of the region by providing access to capital and technical assistance to persons interested in starting a new, or expanding an existing business.

The UPPER COASTAL PLAIN COUNCIL OF GOVERNMENTS AND DEVELOPMENT CORPORATION are proud to be able to offer loan programs to businesses to benefit rural areas as an alternative lender. The primary purpose of these programs are to foster small business development, create new jobs, job retention, and improve the economic and environmental climate in rural communities throughout Edgecombe, Halifax, Nash, Northampton, and Wilson Counties. This is accomplished by offering access to capital and making quality loans to qualified borrowers in order to provide long term community benefits.

COMMERCIAL LOAN PROGRAMS ($25,000 TO $150,000)

Commercial loans are offered from $25,000 to $150,000 at below market fixed rates of interest to qualified applicants. The commercial loan program is available in participation with the borrower's bank. Upper Coastal Plain Council of Governments can facilitate from 25% to 33% of the total loan request. Direct loans can only be made after potential borrower has received two (2) turndown letters from a commercial bank.

TECHNICAL ASSISTANCE

Technical assistance is also offered to persons interested in starting or expanding a business in conjunction with a loan request. Services include assistance with business planning, financial projections, and marketing plan development.

 


For additional information contact:

Greg Godard, Loan Officer
252-234-5901

or

Olga Abrams, Loan Coordinator
252-234-5951