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Background

Information for lenders

N.C. Capital Access Program

 

See a list of 

participating lenders.

NC-CAP offers you a way to say yes to more business loans. By providing matching loan loss reserve funds, it cushions your exposure in the event of a default.

 

Lenders are choosing NC-CAP because it’s:

  • Easy to sign up. You’ll sign a simple agreement and open an account to house the reserve fund that will be used to support all loans your institution makes under the program.
  • Easy to use.  You’ll make loans the way you always have – using your own documents, doing your own underwriting, setting loan terms and pricing.
  • Easy to enroll a loan. If you decide a loan is a good candidate for NC-CAP and the borrower agrees to the terms, you’ll submit enrollment forms.
  • Easy to build the reserve account. Each NC-CAP loan requires an upfront fee from the borrower. You’ll deposit that amount into the reserve account, and we match it dollar for dollar. The reserve grows quickly as you enroll more loans, providing protection for any loan you’ve enrolled in the program.

 

Participation is voluntary and available to banks, federally insured credit unions and community development financial institutions – and their customers – statewide. 

 

Sign up today 

The following documents provide all you’ll need to understand the details of the program and to enroll your institutions.

Program manual (PDF)

Lender participation agreement (PDF)

 

Forms

Borrower enrollment forms (Word)

      (download forms as a PDF)

Letter of explanation regarding changes

Claim forms (Word)

      (download forms as a PDF)

Enrollment examples (PDF)

 

Contacts

Central North Carolina

Tom Wall, Director, Small Business Credit Initiative

 

 

N.C. Rural Economic Development Center

4021 Carya Drive

Raleigh, NC 27610

Telephone: 919-250-4314

Fax: 919-250-4325

 

 

 

 

 

N.C. Capital Access Program

Participating lenders

Check this page frequently for new lenders joining the program. Be aware that your local branch may or may not be prepared to discuss NC-CAP loans immediately. Newly enrolled lenders are in the process of receiving training on the program.

See a list of lenders by county.

 

Anson Bank & Trust

Aquesta Bank

Asheville Savings Bank 

Bank of North Carolina

Bank of Oak Ridge 

Bank of Stanly

Bank of the Carolinas

BB&T

blueharbor bank

Cabarrus Bank and Trust

Carolina Bank

Champion Credit Union

Charlotte Metro Credit Union

Coastal Bank & Trust

Coastal Federal Credit Union

East Carolina Bank

First Bank

First Citizens Bank & Trust

First Federal Bank

First Federal Savings & Loan of Charleston, S.C.

First Federal Savings Bank

First National Bank of Shelby

Forest Commercial Bank

Generations Community Credit Union

Great State Bank

High Point Bank and Trust 

Home Savings Bank

KS Bank, Inc. 

Lumbee Guaranty Bank

Lumbee Revitalization & CDC

Macon Bank

Mechanics and Farmers Bank  

Mountain Biz Capital

Nantahala Bank & Trust  

Natural Capital Investment Fund

N.C. Community Development Initiative Capital 

New Dominion Bank

NewBridge Bank

North State Bank

Paragon Commercial Bank

Park Sterling Bank

Parkway Bank  

Patriot State Bank  

Piedmont Bank

Premier Commercial Bank

Randolph Bank & Trust

Roxboro Savings Bank

Select Bank & Trust

SoundBank

Southern Bank & Trust 

the little bank

The Support Center

TrustAtlantic Bank

Union Bank & Trust

VantageSouth Bank 

Yadkin Valley Bank (includes Piedmont Bank, High Country Bank, Cardinal State Bank & American Community Bank)


 



 

 

 

Rural Hope

Rural Health Group – Henderson


Rural Health Group, a nonprofit community health center based in Roanoke Rapids, provides health-related services to underserved residents of northeastern North Carolina. Though the center has provided services for Edgecombe, Halifax and Northampton county residents since 1974, it lacked a facility to provide services in Vance and Warren counties.

 

The Rural Center provided a $360,000 grant to help the center renovate a former gym in Henderson for its new full-service community health facility. Rural Health Group is the only health center that serves uninsured residents of Vance and Warren counties, where nearly a quarter of the population lacks medical insurance. The project also enabled the creation of 30 jobs, including medical assistants, dentists and support staff.


 

RuralHealthGroup


 

 

 

Rural Hope

Ashe Services for Aging – West Jefferson


Ashe Services for Aging in West Jefferson was founded in 1977 to provide services, activities and opportunities for elderly and disabled residents of Ashe County. Demand for elder care services is rising in the county, with nearly 30 percent of the county’s population expected to be over 65 by 2020.

 

With the help of a $360,000 grant from the Rural Center, the nonprofit built a 55-bed adult care home to meet growing needs. The facility consists of 31 units for regular occupants and 24 special care units for occupants with Alzheimer’s and other forms of dementia. The new facility will provide a safe, positive environment where elderly Ashe County residents can receive medical care, participate in recreational activities and get help with personal care needs. The project is expected to create 30 jobs.

 

Ashe_Services


 

 

 

Rural Hope

Roxboro MedAccess Primary Care – Roxboro


Almost immediately after Roxboro MedAccess Urgent Care opened its doors in December 2008, the demand for its medical services skyrocketed. The only full-service urgent care center of its kind in the Person County area, the center began attracting over 1,000 patients a week – more than double the expected volume. As a result, the urgent care center chose to add primary care services to better meet the needs of its patients.

 

The Rural Center provided grants totaling $192,000 to renovate part of the existing Roxboro MedAccess building to include a primary care practice. Since that time, the project has created 16 jobs and enabled the center to provide a wider range of medical services for Person County residents.


 

RoxboroMedAccess


 

 

 

Background

Information for lenders

N.C. Capital Access Program

 

See a list of 

participating lenders.

NC-CAP offers you a way to say yes to more business loans. By providing matching loan loss reserve funds, it cushions your exposure in the event of a default.

 

Lenders are choosing NC-CAP because it’s:

  • Easy to sign up. You’ll sign a simple agreement and open an account to house the reserve fund that will be used to support all loans your institution makes under the program.
  • Easy to use.  You’ll make loans the way you always have – using your own documents, doing your own underwriting, setting loan terms and pricing.
  • Easy to enroll a loan. If you decide a loan is a good candidate for NC-CAP and the borrower agrees to the terms, you’ll submit enrollment forms.
  • Easy to build the reserve account. Each NC-CAP loan requires an upfront fee from the borrower. You’ll deposit that amount into the reserve account, and we match it dollar for dollar. The reserve grows quickly as you enroll more loans, providing protection for any loan you’ve enrolled in the program.

 

Participation is voluntary and available to banks, federally insured credit unions and community development financial institutions – and their customers – statewide. 

 

Sign up today 

The following documents provide all you’ll need to understand the details of the program and to enroll your institutions.

Program manual (PDF)

Lender participation agreement (PDF)

 

Forms

Borrower enrollment forms (Word)

      (download forms as a PDF)

Letter of explanation regarding changes

Claim forms (Word)

      (download forms as a PDF)

Enrollment examples (PDF)

 

Contacts

Central North Carolina

Tom Wall, Director, Small Business Credit Initiative

 

 

N.C. Rural Economic Development Center

4021 Carya Drive

Raleigh, NC 27610

Telephone: 919-250-4314

Fax: 919-250-4325

 

 

 

 

 

N.C. Capital Access Program

Participating lenders

Check this page frequently for new lenders joining the program. Be aware that your local branch may or may not be prepared to discuss NC-CAP loans immediately. Newly enrolled lenders are in the process of receiving training on the program.

See a list of lenders by county.

 

Anson Bank & Trust

Aquesta Bank

Asheville Savings Bank 

Bank of North Carolina

Bank of Oak Ridge 

Bank of Stanly

Bank of the Carolinas

BB&T

blueharbor bank

Cabarrus Bank and Trust

Carolina Bank

Champion Credit Union

Charlotte Metro Credit Union

Coastal Bank & Trust

Coastal Federal Credit Union

East Carolina Bank

First Bank

First Citizens Bank & Trust

First Federal Bank

First Federal Savings & Loan of Charleston, S.C.

First Federal Savings Bank

First National Bank of Shelby

Forest Commercial Bank

Generations Community Credit Union

Great State Bank

High Point Bank and Trust 

Home Savings Bank

KS Bank, Inc. 

Lumbee Guaranty Bank

Lumbee Revitalization & CDC

Macon Bank

Mechanics and Farmers Bank  

Mountain Biz Capital

Nantahala Bank & Trust  

Natural Capital Investment Fund

N.C. Community Development Initiative Capital 

New Dominion Bank

NewBridge Bank

North State Bank

Paragon Commercial Bank

Park Sterling Bank

Parkway Bank  

Patriot State Bank  

Piedmont Bank

Premier Commercial Bank

Randolph Bank & Trust

Roxboro Savings Bank

Select Bank & Trust

SoundBank

Southern Bank & Trust 

the little bank

The Support Center

TrustAtlantic Bank

Union Bank & Trust

VantageSouth Bank 

Yadkin Valley Bank (includes Piedmont Bank, High Country Bank, Cardinal State Bank & American Community Bank)


 



 

 

 

Rural Hope

Rural Health Group – Henderson


Rural Health Group, a nonprofit community health center based in Roanoke Rapids, provides health-related services to underserved residents of northeastern North Carolina. Though the center has provided services for Edgecombe, Halifax and Northampton county residents since 1974, it lacked a facility to provide services in Vance and Warren counties.

 

The Rural Center provided a $360,000 grant to help the center renovate a former gym in Henderson for its new full-service community health facility. Rural Health Group is the only health center that serves uninsured residents of Vance and Warren counties, where nearly a quarter of the population lacks medical insurance. The project also enabled the creation of 30 jobs, including medical assistants, dentists and support staff.


 

RuralHealthGroup


 

 

 

Rural Hope

Ashe Services for Aging – West Jefferson


Ashe Services for Aging in West Jefferson was founded in 1977 to provide services, activities and opportunities for elderly and disabled residents of Ashe County. Demand for elder care services is rising in the county, with nearly 30 percent of the county’s population expected to be over 65 by 2020.

 

With the help of a $360,000 grant from the Rural Center, the nonprofit built a 55-bed adult care home to meet growing needs. The facility consists of 31 units for regular occupants and 24 special care units for occupants with Alzheimer’s and other forms of dementia. The new facility will provide a safe, positive environment where elderly Ashe County residents can receive medical care, participate in recreational activities and get help with personal care needs. The project is expected to create 30 jobs.

 

Ashe_Services


 

 

 

Rural Hope

Roxboro MedAccess Primary Care – Roxboro


Almost immediately after Roxboro MedAccess Urgent Care opened its doors in December 2008, the demand for its medical services skyrocketed. The only full-service urgent care center of its kind in the Person County area, the center began attracting over 1,000 patients a week – more than double the expected volume. As a result, the urgent care center chose to add primary care services to better meet the needs of its patients.

 

The Rural Center provided grants totaling $192,000 to renovate part of the existing Roxboro MedAccess building to include a primary care practice. Since that time, the project has created 16 jobs and enabled the center to provide a wider range of medical services for Person County residents.


 

RoxboroMedAccess