***Due to the Coronavirus-related orders issued by Mecklenburg County, GCAA office is open on a limited basis. Staff will be working in office Tuesday-Thursday until September 1 and are available by e-mail and phone. We also welcome visits from our members who have a scheduled appointment with one of our team members. Please check our website at www.greatercaa.org for timely updates and pertinent information. We thank you for your patience as we play our part in keeping our staff and broader community safe.***

COVID-19 Mecklenburg County Small Business Emergency Stabilization Fund Available

Posted By: Wesley Masters News ,

In response to the local economic impact of the current health crisis, Mecklenburg County has created a COVID-19 Small Business Emergency Stabilization Loan Fund and a Micro Business Stabilization Fund. The application process for both funds is simple and quick, with disbursements available within 10 days of a completed application. The County has committed $5,000,000 for this fund. Small businesses (up to 50 employees) located in Mecklenburg County can apply for loans of $5,000 - $35,000. Funds may be used to cover the day-to-day operating expenses of the business, such as payroll costs, rent, routine real estate and equipment financing payments, utilities or losses due to destabilizing events. Loans will be available with up to 10-year terms at an interest rate of 3%. 

 A link to the online application became available on MeckNC.gov on Monday, April 13.

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