Industrial Revenue Bonds are an attractive means for manufacturing companies to expand their business by offering a competitive interest rate and tax exempt income for the holder of the bonds.
The U.S. Small Business Administration 504 Loan Program provides approved small businesses with long-term (10 or 20 year), fixed-rate financing used to acquire fixed assets for expansion or modernization.
The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes.
The B&I Loan Guarantee program guarantees loans made by eligible local lenders to businesses to benefit rural areas under 50,000 in population.
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.
The CDBG Economic Development Grant fund provides grants to local governments for creating and retaining jobs. Funding for projects is based on the number of jobs to be created and the level of distress in the community applying for the funds.