NC-CAP expands business finance options by reducing risk and encouraging banks and other qualified lenders to consider loans that otherwise fall just outside conventional underwriting standards. Any North Carolina business with fewer than 500 employees is eligible, and both term loans and lines of credit are eligible. Loans generally range from $25,000 to the maximum of $5 million, with an average loan of $100,000. Loans may be used to finance most business purposes, including owner-occupied real estate, construction, equipment, and working capital. Loan applications are made through local lenders which make loan decisions based on normal borrowing requirements.