It only takes a few minutes.
Capital
The Charlotte Small Business Growth Fund is:
- A public/private partnership to support emerging entrepreneurs in the city of Charlotte.
- A matching program that introduces small businesses to the lender best able to serve them.
- A standard loan product for all applicants.
- A connection to free small business support resources.
Loans designed with business owners in mind.
Competitive Loan Terms
- Loan amounts from $1,000 to $250,000
- Monthly principal and interest payments
- Fixed interest rates, for the life of the loan
- Rates between 9% and 12%, depending on loan size
- Origination fees will range from 3% to 5%
- No prepayment penalties
Eligibility Requirements
- Be located in the city of Charlotte
- Have the ability to repay the loan through documented cash flow
- Have a minimum FICO score of 575 or no established credit
- Not be engaged in lending, speculation, pyramid sales, gambling, tobacco, cannabis, adult entertainment, or any industry prohibited by federal law
Spend your loan on:
- Equipment
- Payroll
- Utilities and rent
- Supplies
- Marketing and advertising
- Other expenses
What you'll need
- Loan Amount Request and Use of Funds
- Business and Personal Contact Information
- Business and Personal Financial Information
- Information for a Soft Credit Check (no impact to credit score)
- Bank Statement Information
Knowledgeable lenders who care.
Our Lending Partners
Our nonprofit lenders have decades of experience working with small businesses, including those in communities with historical barriers to financial services. They’re available with careful guidance, support and knowledge, and they’re invested in your long-term success.
Lenders
Business Resources
If you’re not matched with a lender at this time, or if you are looking for additional business support, our network of free or low-cost resources in Charlotte are available to you.
UNC Charlotte Small Business Technical Development Center
Prospera - Bilingual, English/Spanish
Our Support
Scale Link provides management of the program on behalf of its local partners. The CLT Alliance Foundation leveraged its access to capital to establish the fund. The CLT Alliance Foundation is proud to play a supporting role in providing greater access to the number one resource small businesses need to grow their businesses, and our economy by extension – capital.
Disclaimer
The Charlotte Small Business Growth Fund is designed to match small business owners to nonprofit lenders who will be able to assist them. Please note that submitting an application, and/or being matched with a lender, does not mean that a loan will be approved or funded. Additional information will be requested by participating lenders, and each individual loan decision will be made exclusively by the lender based on a review of information collected from applicants and others. All rates and loan terms are subject to change.