Capital Opportunities for Small Businesses - sbtdc
Capital Opportunities for Small Businesses - sbtdc
Capital Opportunities for Small Businesses - sbtdc
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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<br />
Defense Loan and Technical Assistance Program (DELTA)<br />
The DELTA Program is a joint ef<strong>for</strong>t of the SBA and the Department of Defense to provide financial and<br />
technical assistance to defense-dependent small firms affected by defense reductions. The goal is to<br />
help affected small firms diversify into the commercial market while remaining a part of the defense<br />
industrial base. Reductions affecting businesses may be the result of any number of actions, such as<br />
cuts in defense spending, termination of defense contracts, or the closure or realignment of military<br />
installations. SBA guaranties are the same as <strong>for</strong> the 7(a) and 504 programs. Technical assistance,<br />
including help in preparation of a business plan and loan application package, is available through<br />
<strong>Small</strong> Business and Technology Development Centers across the state.<br />
SBA Micro Loans and Other Lending Programs<br />
SBA Microloan Program<br />
The Microloan program provides small loans ranging from under $500 to $50,000. Under this program,<br />
the SBA makes funds available to nonprofit intermediaries that, in turn, make the small loans directly<br />
to entrepreneurs, including veterans. Proceeds can be used <strong>for</strong> typical business purposes such as<br />
working capital, or the purchase of furniture, fixtures, machinery, supplies, equipment, and inventory.<br />
Microloans may not be used <strong>for</strong> the purchase of real estate. Interest rates are negotiated between the<br />
borrower and the intermediary. The maximum term <strong>for</strong> a microloan is 6 years. For more in<strong>for</strong>mation, go<br />
to www.sba.gov/microloans.<br />
W.A.M.Y. Community Action Inc.<br />
225 Birch St., Ste. 2<br />
Boone, NC 28607<br />
P: 828-264-2421 / F: 828-264-0952<br />
Area: Avery, Mitchell, Watauga and Yancey<br />
counties<br />
wamyloan@charter.net<br />
Self-Help Credit Union<br />
301 W. Main St.<br />
Durham, NC 27701<br />
F:800-476-7428<br />
F: 919-956-4600<br />
Area: Statewide<br />
www.self-help.org<br />
Mountain Biz<strong>Capital</strong><br />
153 South Lexington Ave.<br />
Asheville, NC 28801<br />
P: 828-253-2834<br />
F: 828-255-7953<br />
Area: Western North Carolina<br />
www.mountainbizworks.org<br />
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