COVID-19 Mecklenburg County Small Business Emergency Stabilization Fund Available

Posted By: Wesley Masters Industry 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 on Monday, April 13.

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