N.C. Rural Economic Development Center - Microenterprise Loan Program

4021 Carya Drive
Raleigh, NC 27610
(919) 250-4314

Derek Williams

Location: Other
Services Provided: Business Loans, Capital, Specialized Loans

is for very small businesses (with 10 or fewer employees) offering standard loans of up to $25,000 and express loans of up to $5,000. Terms are lenient but you must have a credit score of 575 or above. The interest rate on these loans is 4% above prime and the term is up to five years. Loans must be collateralized but collateralization terms are liberal (for example, car title).