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City of Winston-Salem Small Business Loan Program
Small business loan fund for for-profit businesses located in Winston-Salem Neighborhood Revitalization Strategy Areas.
About this program
The City of Winston-Salem administers a Small Business Loan Program for for-profit businesses located in the city’s Neighborhood Revitalization Strategy Area. The program provides financial assistance to help eligible businesses start, expand, or stabilize when conventional financing is limited.
Eligibility
For-profit businesses located in eligible Winston-Salem NRSA areas and meeting city loan program underwriting requirements.
Requirements
- Operate or locate in the eligible Neighborhood Revitalization Strategy Area
- Submit business plan, financial statements, project budget, owner information, and use-of-funds documentation
- Meet loan review, underwriting, collateral, repayment, and job or community benefit requirements