The WNC Strong: Helene Business Recovery Fund was created to provide rapid recovery loans to small businesses suffering economic losses related to the impacts of Tropical Storm Helene. The fund is administered by Mountain BizWorks and made possible with support from The Golden LEAF Foundation, and an expanding list of other partners.
The WNC Strong: Helene Business Recovery Fund helps small businesses close the gap between when the disaster strikes and when federal loans, insurance payouts, and other disaster relief funds are approved, or businesses have time to recover and get back to business. Businesses with up to 100 employees can apply for up to $100,000 to support their recovery.
Loan Details Include:
- Rapid loan decisions & funding (aiming for 7-10 days)
- Designed to bridge to SBA, FEMA, insurance, or other long term recovery funding
- Streamlined online application process
- No credit score minimum*
- No closing costs or fees
- No prepayment penalty
- Defaulted loans are subject to commercial collection processes
To learn more: https://www.mountainbizworks.org/helene/fund/