The coronavirus crisis is causing big problems for Western North Carolina’s small businesses. Mountain BizWorks and its partners are taking steps to ensure business owners and entrepreneurs have the resources they need to get through this crisis and prepare for economic recovery.
North Carolina COVID-19 Rapid Recovery Loans
Mountain BizWorks along with a consortium of public, private and nonprofit partners have come together to launch an innovative recovery resource – the NC COVID-19 Rapid Recovery Lending Program. This program aims to stabilize North Carolina’s small business sector and support all entrepreneurs as they learn how to adapt to the challenges of the coronavirus crisis.
One Buncombe Fund
Buncombe County, Mountain BizWorks, and their partners have launched the One Buncombe Fund – a centralized COVID-19 donation and relief center providing basic needs for unemployed individuals and bridge funding for small businesses. The program aims to provide a rapid source of assistance for Buncombe County-based businesses that have been impacted by COVID-19.
SBA Economic Injury Disaster Loans
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).