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Former Loan Participation Program

The Rural Center’s Loan Participation Program (LPP) is a uniquely tailored small-business lending program that works with local lenders across North Carolina to help make more loans in their communities and region. By helping to reduce the risk-exposure of partner lenders, LPP means more North Carolina businesses have access to capital that might otherwise be out of reach. That means more jobs for North Carolina and more support to help local small businesses grow.

LPP is available through partner lenders in all of North Carolina’s 100 counties. Under the program, the Rural Center purchases up to 15 percent of a term loan made to a small business, defined as a business with 500 or fewer employees. The maximum participation is $250,000 and the terms of the loan are market-based, negotiated between the local lender and the small-business borrower.

The program has been well received—particularly by community banks—as it allows them to make good loans that may not meet their collateral requirements.

LPP is a user-friendly designed program with minimal forms, no additional fees, and quick turnarounds. Once the lender closes the loan, the lender services the total loan and maintains its relationship with the borrower, forwarding the Rural Center’s pro-rata principal and interest as collected.


Participating Lenders

  • American National Bank and Trust
  • Bank of Oak Ridge
  • Benchmark Community Bank
  • Blue Harbor Bank
  • Carolina Trust Bank
  • Community First Bank
  • Dogwood State Bank
  • Entegra Bank, A division of First Citizens Bank
  • First Bank
  • First Citizens Bank and Trust
  • First National Bank
  • KS Bank, Inc.
  • Mountain Biz Capital, Inc.
  • Natural Capital Investment Fund, Inc.
  • North State Bank
  • Park National Bank
  • Select Bank & Trust
  • South State Bank
  • Southern First Bank
  • Towne Bank
  • United Community Bank
  • Uwharrie Bank