Introducing Our Innovative Microloan Program – A Step Towards Empowering Local Businesses

In today’s fast-paced world, small businesses and entrepreneurs often face significant challenges when it comes to accessing the financial resources they need to grow and thrive. At Capital Funding Resources, we recognize the crucial role that small businesses play in our local economy and community. That’s why we are thrilled to announce the soft launch of our innovative Microloan Program, designed specifically to support small businesses in all North Carolina counties.

A Closer Look at the Microloan Program

Our Microloan Program is more than just a financial service; it’s a commitment to fostering economic growth and empowering underrepresented business owners. With a focus on Orange, Caswell, Chatham, Durham, Wake, Alamance, Person, Edgecombe, Forsyth, and Mecklenburg counties, we aim to bridge the gap and provide much-needed capital to those who need it most.

Qualified borrowers can receive $2,500 based on their personal credit, providing a crucial lifeline for business development, inventory expansion, marketing efforts, or any other needs that can drive their business forward. This program is currently in its Beta phase, or soft launch, reflecting our commitment to refining and enhancing our offerings to better serve our community’s needs.

Future Expansion and How to Get Involved

The launch of the Microloan Program is just the beginning. We have ambitious plans to expand our lending offerings in the future, aiming to encompass a wider range of financial products and services tailored to the unique needs of local businesses and entrepreneurs.

We understand that navigating the world of business financing can be daunting, which is why we’re here to help every step of the way. For those interested in learning more about the Microloan Program or inquiring about eligibility and the application process, Terence Staten at tstaten@choedc.org is your go-to resource. With a wealth of knowledge and a passion for community empowerment, Terence is ready to assist you in exploring how our Microloan Program can support your business goals.

Join Us in Driving Positive Change

We believe in the power of community and the impact that accessible financing can have on local economies. By participating in our Microloan Program, you’re not just securing financial resources for your business; you’re joining a movement towards greater economic inclusivity and opportunity.

As we continue to grow and evolve, we invite you to share your feedback, experiences, and ideas with us. Together, we can create a robust ecosystem of support that uplifts and empowers every member of our community.

If you’d like to put your name on the list when funds are available, please fill out the application HERE. For more information about the Microloan program, please reach out to Terence Staten at tstaten@choedc.org. Let’s work together to make your business dreams a reality.