Kerr Tar Regional Council Of Governments for Person, Granville, Vance, Warren, Franklin Counties
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Person, Granville, Vance, Warren, Franklin Counties Economic Development in North Carolina
Person, Granville, Vance, Warren, Franklin Counties
 

 

 

 

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Small Business Loans

The Kerr-Tar Regional Council of Governments (COG) is a lender of last resort to help small businesses start, grow and expand to help create jobs in the Kerr-Tar Region.

The COG offers loans under two programs:

  • Revolving loan fund – offers loans of $25,000 to $200,000 for working capital, fixed-asset acquisition or construction or acquisition of a business for new or expanding businesses that create jobs as a result of the loan.
    • Microenterprise loan fund – offers loans of $5,000 to $25,000 for very small businesses (five or fewer employees/owners) for start-up or expansion. Sixty percent of employers/owners must be below the low-to-moderate income level established by the U.S. Department of Housing and Urban Development for the county in which the business is located.