All tagged nc rural center

Golden LEAF receives $125M in funding to support NC COVID-19 Rapid Recovery Loan Program

Today, the Golden LEAF Board of Directors took action in response to House Bill 1043. The bill includes $125 million to provide grants to entities for the purpose of making loans to assist small businesses affected by the economic impact of COVID-19. Effective today, loans made from the program to small businesses will include a limit on the number of employees per business, a minimum interest rate for the first six months of the loan term, and an increased time for repayment.