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Small Business Loans |
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Recently Added to the State Loans Category:
North Carolina Lt. Gov. Discusses Small Business Assistance Fund
The fund is modeled after the disaster loan programs the state implemented after hurricanes Fran and Floyd. It will provide loans to small businesses, those with fewer than 100 employees or annual receipts of less than $1 million. Loans may be used to guarantee commercial loans, as emergency bridge loans and for other purposes related to small-business job preservation. As a revolving loan fund, the interest and loan repayments will go back into the fund, providing capital for additional loans. |
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