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NC
Urban Durham Initiative Revolving Loan Fund
Small business loans for independently owned businesses in Durham County, capitalized with a $500,000 revolving loan fund.
About this program
The Urban Durham Initiative Small Business Loan program provides financing for independently owned businesses located within Durham County. The revolving loan fund offers loans from $5,000 to $50,000 to address economic development needs of small businesses and entrepreneurs.
Eligibility
Independently owned small businesses located within Durham County that meet loan program criteria.
Requirements
- Operate an independently owned business in Durham County
- Submit application, business financials, ownership information, and use-of-funds plan
- Meet loan underwriting, repayment, and program eligibility requirements