There are two central forms of financing: Loans (conventionally provided by banks) and equity (value shares issued by the company to investors, family, friends, etc.). These are some potential financing sources for accessing capital.


These local banks participate in the SBA’s lending programs. The 7(a) and 504 loans are two popular SBA programs. Contact lenders to learn more about other programs they may offer.

Chatham Loan Fund

The Chatham Loan Fund is a tool to help businesses in Chatham County secure financing. By providing collateral, the Chatham Loan Fund can help guarantee up to 50% of a loan, up to $50,000.

In response to COVID-19, the EDC has added a provision that will allow businesses to secure 100% of a loan, up to $10,000.

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.

For more information and to apply, contact Jack Meadows, Director of Planning & Community Development, at 919-742-2323 or, or Jon Spoon, Chatham Small Business Center Director, at 919-545-8013 or

Thread Capital

Thread Capital is a nonprofit organization focused on ensuring that all residents of North Carolina have access to the resources they need to start and grow businesses. Thread Capital provides access to capital, coaching, and connections in the belief that with these tools entrepreneurs will create jobs and promote more equitable economic mobility in all 100 North Carolina counties. With the right support, entrepreneurs can change the trajectory not only of their families but also their communities.