Capital Opportunities for Small Businesses - sbtdc

C A P I T A L O P P O R T U N I T I E S F O R SMA L L B U S I N E S S E S
Improve leadership and team building skills
Understand more about the resources available to their community and how to take advantage of
them
Learn the fundamentals of long-range strategic planning and how to make it work
Join a network of rural leaders who regularly share information and experience
Information and application materials are available at www.ncruralcenter.org. (See leadership & Engagement
on the bottom left, click on “Leadership Training” and then on “2013 REDI Application Brochure.”) For more
information, please contact Misty Herget at mherget@ncruralcenter.org or (919) 250-4314.
Child Day Care Loan Guarantee Fund
Loans are provided through three participating banks to childcare providers in rural distressed communities to
start or expand childcare facilities. Participating banks include Centura, Bank of America, and Wachovia. The
loan can be used to finance land, building, or equipment needs for start-up or expansion facilities. The program
guarantees 80 percent of the loan amount up to a maximum of $75,000. Loans are limited to 50 economically
distressed counties as designated by the state.
Rural Venture Fund
The Rural Venture Fund (RVF) is a new source of capital specifically designed for qualified businesses in
economically distressed (Tier 1) counties of North Carolina. Investments will carry the expectation of a return,
but on less demanding terms and over a longer period of time than available with more traditional financing.
Target companies for investments will typically be classified as higher risk and in need of capital in the range of
$50,000 to $350,000. The RVF offers a variety of investments from equity to subordinated debt.
Applicants are limited to existing businesses with owner management experience that are located in Tier 1
counties. Eligible businesses must demonstrate future growth and job creation potential and show that the
owner would not receive equity or subordinated debt “but for” this fund.
The RVF will assist clients in the successful management of their long-term growth. Through a collaboration
with the Small Business & Technology Development Center (SBTDC) and the University of North Carolina
System, several business schools will help provide specialized technical assistance to clients (Appalachian State,
East Carolina, NC A&T, NC Central, NC State, UNC Pembroke and Western Carolina.
The Rural Venture Fund began operations with $6.8 million in available capital in late 2007 with funding from
the NC General Assembly ($3.8 million), Golden LEAF ($500,000) and the Rural Center ($2.5 million).
NC Rural Center
4021 Carya Dr.
Raleigh, NC 27610
919.250.4314
Director: Don Stewart
dstewart@ncruralcenter.org
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