Local Loan Funds

Chatham Loan Fund

The Chatham Loan Fund is a tool to help businesses in Chatham County access capital. It is used as collateral for a business loan, covering up to 50% collateralization of a loan, up to $50,000.

Chatham Economic Development Corporation will work with you and your lender to establish an account to be used as collateral on the business loan. The full amount of the loan will stay with the bank until the loan is repaid.

To learn more, contact Chatham Economic Development Corporation at 919-542-8274.

Town of Siler City Revolving Loan Fund

Town of Siler City leaders have formed a partnership with the N.C. Rural Economic Development Center to launch a $100,000 small business revolving loan fund. The goal of the partnership is to encourage small business and entrepreneurial growth in the Town of Siler City corporate limits and extraterritorial jurisdiction (ETJ).

For more information and to apply, contact Jack Meadows, Director of Planning & Community Development, at 919-742-2323 or jmeadows@silercity.org, or Jon Spoon, Chatham Small Business Center Director, at 919-545-8013 or jspoo035@cccc.edu.

Need help planning your business? See our small business resources page for help.