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Hurricane Recovery

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  • Contact

North Carolina Small Business Emergency Bridge Loan Program

NewDisasterLogos

 

The North Carolina Small Business Emergency Bridge Loan Program is a partnership of the N.C. Rural Economic Development Center, the N.C. Small Business and Technology Development Center and the N.C. Community Colleges Small Business Center Network. The program has raised over $3 million from funders including the Golden LEAF Foundation, N.C.’s Electric Cooperatives, BB&T, PNC, and Wells Fargo.  

 

 

Download Application          Download Fact Sheet 

 

Loan Details

The Emergency Bridge Loan Program is designed to help North Carolina small businesses begin the recovery process while federal loans, insurance payouts and other disaster relief funds are pending approval.  It is not designed to be the primary source of assistance to affected small businesses, which is why eligibility is linked to pursuit of other sources, including SBA Physical and Economic Injury Disaster Loans. Loan details include:

·   Loan amount between $1,000 and $15,000.

·   Loans will have 90 or 180 day terms and will be interest-free for the loan term

·   Payments are not required during the established loan term, but loans must be paid in full by end of the loan term

·   Interest will begin to accrue at the expiration of the established term of each loan, and the following will apply:

o    12% per annum on the unpaid balance following expiration of the established term.

o    Default is subject to normal commercial collection process.

·    Please note: this program provides a short-term loan, not a grant, with the expectation that repayment will be made out of receipts from other sources of longer term disaster recovery assistance. 

 

 

 

Eligible Businesses

  • Small businesses must be located in SBA declared disaster area, which includes the following NC counties: Beaufort, Bertie, Bladen, Brunswick, Camden, Carteret, Chatham, Chowan, Columbus, Craven, Cumberland, Currituck, Dare, Duplin, Durham, Edgecombe, Franklin, Gates, Granville, Greene, Halifax, Harnett, Hertford, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore, Nash, New Hanover, Northampton, Onslow, Pamlico,  Pasquotank, Pender, Perquimans, Pitt, Randolph, Richmond, Robeson, Sampson, Scotland, Tyrrell, Wake, Warren, Washington , Wayne, and Wilson.

  •         Eligible applicants must have between 1 and 100 employees. Non-employer businesses (such as passive real estate holding companies) may qualify if the loan proceeds will be used to benefit a tenant with employees or other eligible business.

  • Eligible applicants must be a for-profit small business or farm established prior to October 4, 2016 and demonstrate economic or physical damage as a result of Hurricane Matthew. 

  • Other requirements:

    • Any individual with greater than 20% ownership in the affected business must cosign the loan.  Only one loan per individual.

    • A borrower will be required to sign an agreement that proceeds of the loan will be used only for purposes of maintaining or restarting the business in the designated area. Use of proceeds to pay off debts already incurred for qualifying business maintenance or restart purposes may be authorized on a case-by-case basis.

    • A borrower will be required to certify that the proceeds of anticipated claims, other loans applied for or to be applied for, or financial assistance grants will be used to repay the loan.

 

Map of SBA Eligible Areas:

 

SAB map

 

For more information or assistance, please contact your local SBTDC office:

Visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance.

 

N.C. State University: (919) 513-1500

Elizabeth City State University: (252) 335-3247

Fayetteville State University: (910) 672-1727

East Carolina University: (252) 737-1385

UNC Pembroke: (910) 775-4007

UNC Wilmington: (910) 962-3744

Application 
​Deadline: March 20, 2017
 at 5:00 pm
 
 
Hurricane Matthew: Applications will be accepted under this program through March 20, 2017contingent on the availability of funds.
Required Information for Application
  • Personal identification of all individual applicants (drivers license, state or federal ID, or passport)
  • Social Security or Green Card
  • Federal Business tax returns for the last two completed years for all individual applicants, if available
  • Personal tax returns for the last two completed years, if available
  • Articles of Incorporation for Business
 
 
 

SUBMISSION INSTRUCTIONS 

Submit by email, fax, or mail to: 

Bridgeloan@ncruralcenter.org, or Fax: 919.250.4325 
N.C. Rural Economic Development Center 
4021 Carya Drive Raleigh, NC 27610 

 

For more information or assistance, please contact your local SBTDC office: 

N.C. State University: (919)513-1500                             Elizabeth City State University: (252) 335-3247 

Fayettville State Univerity: (910)672-1727                      UNC Wilmington: (910) 962-3744 

East Carolina University: (252) 737-1385                        UNC Pembroke: (910)775-4007 

                   Or visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance. 

 

Loan Process

ClientProcessChart
 
NCRuralCenter Logo Big
 
 
 
Hurricane Matthew- Disaster Relief Information
 

The Rural Center is keeping our friends, neighbors and loved ones in our thoughts and prayers as Hurricane Matthew continues to impact communities across central and eastern North Carolina. We've compiled a few of the many resources available to assist communities, small businesses and farmers. If you would like to help, please consider making a contribution to the North Carolina Community Foundation Disaster Relief Fund: http://www.nccommunityfoundation.org/new-newsworthy/help-after-matthew-give-to-the-nccf-disaster-relief-fund.


Important Resources:

HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims. HUD is currently contacting State and local officials to explore streamlining the Department's CDBG and HOME programs in order to expedite the repair and replacement of damaged housing. For more information vist, https://www.hudexchange.info/programs/cdbg-dr/. 

 

The Department of Housing and Urban Development has the following resources, relief and program adaptations available for those affected by Hurricane Matthew. Information on housing providers and HUD programs – The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties.  This includes Public Housing Agencies and Multi-Family owners.  The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers. For more information and resources visit, http://portal.hud.gov/hudportal/HUD?src=/info/disasterresources.

 

The North Carolina Bar Association is partnering with the American Bar Association, FEMA and Legal Aid of North Carolina to operate a Disaster Legal Services Hotline for those impacted by Hurricane Matthew.  Low-income survivors facing legal issues may call 1-800-662-7407, and individuals who qualify for assistance will be matched with North Carolina lawyers who have volunteered to provide free, limited legal help.  For more information, visit

http://www.americanbar.org/content/dam/aba/administrative/disaster/nc_3380_press_release.authcheckdam.pdf

 

North Carolina Cooperative Extension is hosting an online disaster portal with a host of information and fact-sheets about food safety, returning home after a flood, and agricultural recovery information for our farmers. For more information, visit ncdisaster.org.

 

NC Department of Commerce, Division of Employment Security is offering information on,The Disaster Unemployment Assistance (DUA) Program that provides temporary weekly monetary assistance to individuals in specified areas whose employment has been lost or interrupted as a direct result of a presidential declared major disaster. For more information or to find out if you are eligible, click here.

 

The North Carolina Department of Public Safety is posting storm-related information online at http://www.ncdps.gov/hurricane-matthew-2016. Visit this site for information about road conditions, shelters, food assistance and other storm recovery help.  

 

If you or someone you know has been displaced by Hurricane Matthew, NC Housing Search helps people locate available, affordable rental housing. This free service can be accessed online 24 hours a day and through a toll-free, bilingual call center, Monday - Friday9:00 am - 8:00 pm EDT, at1-877-428-8844 or visit NCHousingSearch.org.

 

As Eastern North Carolina works to recover from the devastating effects of Hurricane Matthew, the North Carolina Network of Grantmakers is compiling information and resources related to the philanthropic response in the state.  Visit here http://ncgrantmakers/site-ym/com/page/HurricaneMatthew to learn more about their activity and for additional links to resources.

 

Seventeen federal agencies have partnered to form an online portal to help users access and apply for disaster assisted jointly through federal, tribal, state, local, and private sector partners. For more information,visit: www.disasterassistance.gov.

 

The U.S. Department of Agriculture (USDA) North Carolina Farm Service Agency (FSA) has a host of programs for to help farmers and livestock producers recover from heavy rains, flooding and other qualifying events related to Hurricane Matthew.  For more information, visit www.fsa.usda.gov/ or contact your local FSA Office by visiting http://offices.usda.gov.

 

The U.S. Small Business Administration has announced a disaster declaration for North Carolina counties affected by Hurricane Matthew.  The SBA offers disaster loans for small businesses, agricultural cooperatives, private nonprofits, homeowners and renters.  For more information, visit:https://disasterloan.sba.gov/ela/.

 

VOAD, Volunteer Organizations Active in Disaster, organized in 1998, is the forum where volunteer organizations can share knowledge and resources throughout the disaster cycle—preparation, response and recovery—to help disaster survivors and their communities.  Click here https://www.ncvoad.org/cms/opportunities to learn where volunteer help is needed and what organizations are working there.

 

 

Matthew

The Rural Center hosted the SBA Disaster Response team for training on October 13th and 14th before they mobilized to disaster response centers across the state.  

 
To inquire about small business assistance and disaster loans, please contact your local SBTDC office:

Visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance.

 

N.C. State University: (919) 513-1500

Elizabeth City State University: (252) 335-3247

Fayetteville State University: (910) 672-1727

East Carolina University: (252) 737-1385

UNC Pembroke: (910) 775-4007

UNC Wilmington: (910) 962-3744

 
 
 

For questions about community planning and public recovery efforts, please contact:

Chilton Rogers
(919) 250-4314

 

For press inquiries, please contact:

Barry Ryan
(919) 250-4314

Hurricane Recovery

  • Main
  • Applications and Forms
  • Resources
  • Contact

North Carolina Small Business Emergency Bridge Loan Program

NewDisasterLogos

 

The North Carolina Small Business Emergency Bridge Loan Program is a partnership of the N.C. Rural Economic Development Center, the N.C. Small Business and Technology Development Center and the N.C. Community Colleges Small Business Center Network. The program has raised over $3 million from funders including the Golden LEAF Foundation, N.C.’s Electric Cooperatives, BB&T, PNC, and Wells Fargo.  

 

 

Download Application          Download Fact Sheet 

 

Loan Details

The Emergency Bridge Loan Program is designed to help North Carolina small businesses begin the recovery process while federal loans, insurance payouts and other disaster relief funds are pending approval.  It is not designed to be the primary source of assistance to affected small businesses, which is why eligibility is linked to pursuit of other sources, including SBA Physical and Economic Injury Disaster Loans. Loan details include:

·   Loan amount between $1,000 and $15,000.

·   Loans will have 90 or 180 day terms and will be interest-free for the loan term

·   Payments are not required during the established loan term, but loans must be paid in full by end of the loan term

·   Interest will begin to accrue at the expiration of the established term of each loan, and the following will apply:

o    12% per annum on the unpaid balance following expiration of the established term.

o    Default is subject to normal commercial collection process.

·    Please note: this program provides a short-term loan, not a grant, with the expectation that repayment will be made out of receipts from other sources of longer term disaster recovery assistance. 

 

 

 

Eligible Businesses

  • Small businesses must be located in SBA declared disaster area, which includes the following NC counties: Beaufort, Bertie, Bladen, Brunswick, Camden, Carteret, Chatham, Chowan, Columbus, Craven, Cumberland, Currituck, Dare, Duplin, Durham, Edgecombe, Franklin, Gates, Granville, Greene, Halifax, Harnett, Hertford, Hoke, Hyde, Johnston, Jones, Lee, Lenoir, Martin, Montgomery, Moore, Nash, New Hanover, Northampton, Onslow, Pamlico,  Pasquotank, Pender, Perquimans, Pitt, Randolph, Richmond, Robeson, Sampson, Scotland, Tyrrell, Wake, Warren, Washington , Wayne, and Wilson.

  •         Eligible applicants must have between 1 and 100 employees. Non-employer businesses (such as passive real estate holding companies) may qualify if the loan proceeds will be used to benefit a tenant with employees or other eligible business.

  • Eligible applicants must be a for-profit small business or farm established prior to October 4, 2016 and demonstrate economic or physical damage as a result of Hurricane Matthew. 

  • Other requirements:

    • Any individual with greater than 20% ownership in the affected business must cosign the loan.  Only one loan per individual.

    • A borrower will be required to sign an agreement that proceeds of the loan will be used only for purposes of maintaining or restarting the business in the designated area. Use of proceeds to pay off debts already incurred for qualifying business maintenance or restart purposes may be authorized on a case-by-case basis.

    • A borrower will be required to certify that the proceeds of anticipated claims, other loans applied for or to be applied for, or financial assistance grants will be used to repay the loan.

 

Map of SBA Eligible Areas:

 

SAB map

 

For more information or assistance, please contact your local SBTDC office:

Visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance.

 

N.C. State University: (919) 513-1500

Elizabeth City State University: (252) 335-3247

Fayetteville State University: (910) 672-1727

East Carolina University: (252) 737-1385

UNC Pembroke: (910) 775-4007

UNC Wilmington: (910) 962-3744

Application 
​Deadline: March 20, 2017
 at 5:00 pm
 
 
Hurricane Matthew: Applications will be accepted under this program through March 20, 2017contingent on the availability of funds.
Required Information for Application
  • Personal identification of all individual applicants (drivers license, state or federal ID, or passport)
  • Social Security or Green Card
  • Federal Business tax returns for the last two completed years for all individual applicants, if available
  • Personal tax returns for the last two completed years, if available
  • Articles of Incorporation for Business
 
 
 

SUBMISSION INSTRUCTIONS 

Submit by email, fax, or mail to: 

Bridgeloan@ncruralcenter.org, or Fax: 919.250.4325 
N.C. Rural Economic Development Center 
4021 Carya Drive Raleigh, NC 27610 

 

For more information or assistance, please contact your local SBTDC office: 

N.C. State University: (919)513-1500                             Elizabeth City State University: (252) 335-3247 

Fayettville State Univerity: (910)672-1727                      UNC Wilmington: (910) 962-3744 

East Carolina University: (252) 737-1385                        UNC Pembroke: (910)775-4007 

                   Or visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance. 

 

Loan Process

ClientProcessChart
 
NCRuralCenter Logo Big
 
 
 
Hurricane Matthew- Disaster Relief Information
 

The Rural Center is keeping our friends, neighbors and loved ones in our thoughts and prayers as Hurricane Matthew continues to impact communities across central and eastern North Carolina. We've compiled a few of the many resources available to assist communities, small businesses and farmers. If you would like to help, please consider making a contribution to the North Carolina Community Foundation Disaster Relief Fund: http://www.nccommunityfoundation.org/new-newsworthy/help-after-matthew-give-to-the-nccf-disaster-relief-fund.


Important Resources:

HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims. HUD is currently contacting State and local officials to explore streamlining the Department's CDBG and HOME programs in order to expedite the repair and replacement of damaged housing. For more information vist, https://www.hudexchange.info/programs/cdbg-dr/. 

 

The Department of Housing and Urban Development has the following resources, relief and program adaptations available for those affected by Hurricane Matthew. Information on housing providers and HUD programs – The Department will share information with FEMA and the State on housing providers that may have available units in the impacted counties.  This includes Public Housing Agencies and Multi-Family owners.  The Department will also connect FEMA and the State to subject matter experts to provide information on HUD programs and providers. For more information and resources visit, http://portal.hud.gov/hudportal/HUD?src=/info/disasterresources.

 

The North Carolina Bar Association is partnering with the American Bar Association, FEMA and Legal Aid of North Carolina to operate a Disaster Legal Services Hotline for those impacted by Hurricane Matthew.  Low-income survivors facing legal issues may call 1-800-662-7407, and individuals who qualify for assistance will be matched with North Carolina lawyers who have volunteered to provide free, limited legal help.  For more information, visit

http://www.americanbar.org/content/dam/aba/administrative/disaster/nc_3380_press_release.authcheckdam.pdf

 

North Carolina Cooperative Extension is hosting an online disaster portal with a host of information and fact-sheets about food safety, returning home after a flood, and agricultural recovery information for our farmers. For more information, visit ncdisaster.org.

 

NC Department of Commerce, Division of Employment Security is offering information on,The Disaster Unemployment Assistance (DUA) Program that provides temporary weekly monetary assistance to individuals in specified areas whose employment has been lost or interrupted as a direct result of a presidential declared major disaster. For more information or to find out if you are eligible, click here.

 

The North Carolina Department of Public Safety is posting storm-related information online at http://www.ncdps.gov/hurricane-matthew-2016. Visit this site for information about road conditions, shelters, food assistance and other storm recovery help.  

 

If you or someone you know has been displaced by Hurricane Matthew, NC Housing Search helps people locate available, affordable rental housing. This free service can be accessed online 24 hours a day and through a toll-free, bilingual call center, Monday - Friday9:00 am - 8:00 pm EDT, at1-877-428-8844 or visit NCHousingSearch.org.

 

As Eastern North Carolina works to recover from the devastating effects of Hurricane Matthew, the North Carolina Network of Grantmakers is compiling information and resources related to the philanthropic response in the state.  Visit here http://ncgrantmakers/site-ym/com/page/HurricaneMatthew to learn more about their activity and for additional links to resources.

 

Seventeen federal agencies have partnered to form an online portal to help users access and apply for disaster assisted jointly through federal, tribal, state, local, and private sector partners. For more information,visit: www.disasterassistance.gov.

 

The U.S. Department of Agriculture (USDA) North Carolina Farm Service Agency (FSA) has a host of programs for to help farmers and livestock producers recover from heavy rains, flooding and other qualifying events related to Hurricane Matthew.  For more information, visit www.fsa.usda.gov/ or contact your local FSA Office by visiting http://offices.usda.gov.

 

The U.S. Small Business Administration has announced a disaster declaration for North Carolina counties affected by Hurricane Matthew.  The SBA offers disaster loans for small businesses, agricultural cooperatives, private nonprofits, homeowners and renters.  For more information, visit:https://disasterloan.sba.gov/ela/.

 

VOAD, Volunteer Organizations Active in Disaster, organized in 1998, is the forum where volunteer organizations can share knowledge and resources throughout the disaster cycle—preparation, response and recovery—to help disaster survivors and their communities.  Click here https://www.ncvoad.org/cms/opportunities to learn where volunteer help is needed and what organizations are working there.

 

 

Matthew

The Rural Center hosted the SBA Disaster Response team for training on October 13th and 14th before they mobilized to disaster response centers across the state.  

 
To inquire about small business assistance and disaster loans, please contact your local SBTDC office:

Visit http://www.sbtdc.org/hurricanematthew/#sbtdcLocations or call (800) 258-0862 for assistance.

 

N.C. State University: (919) 513-1500

Elizabeth City State University: (252) 335-3247

Fayetteville State University: (910) 672-1727

East Carolina University: (252) 737-1385

UNC Pembroke: (910) 775-4007

UNC Wilmington: (910) 962-3744

 
 
 

For questions about community planning and public recovery efforts, please contact:

Chilton Rogers
(919) 250-4314

 

For press inquiries, please contact:

Barry Ryan
(919) 250-4314