#BLKTECHCLT FUND

$100,000 in microloans for Charlotte entrepreneurs of color

About the Fund

Carolina Small Business Development Fund and ThePLUG collaborate to create the #BLKTECHCLT microloan fund to offer capital and business services to African-American entrepreneurs in Charlotte. Entrepreneurs will also have access to one-on-one counseling and technical assistance to grow their business.

How to Apply

  • Visit www.carolinasmallbusiness.org/loans
  • Complete the online application with the below materials
  • Copy of personal federal tax returns of most recent 3 years. Please submit for each principal. If applying for a microloan ($50,000 or less) only submit 1 year
  • Copy of business federal tax returns of most recent 3 years. Please submit for each principal. If applying for a microloan ($50,000 or less) only submit 1 year.
  • Profit & Loss Statement covering this calendar year through the most recent full month and an accompanying Balance Sheet
  • Resume(s) of key management
  • Business Cash Flow Projections (covering the next 12-months of operations for existing businesses or the first year of operations for start-ups). Use of this template is not required 

Terms

  • Up to $10,000 max
  • Up to five years at 3% to 5% interest rate