Golden LEAF, NC Rural Center announce recovery loan program for small businesses affected by Tropical Storm Fred

Small-business owners can apply for disaster recovery loans at threadcap.org/disaster-recovery. In addition to completing an online application, business owners should be prepared to provide tax returns and minimal additional information.

“The Golden LEAF Foundation recognizes the critical role small-business owners play in our state’s economy,” said Golden LEAF Foundation President, Chief Executive Officer Scott T. Hamilton. “These businesses and the communities they serve stand a better chance of surviving when we respond quickly to their needs following natural disasters.”

Thread Capital’s disaster recovery lending programs address both the short- and long-term needs of small businesses affected by natural disasters. In the weeks following Hurricane Florence in 2018, Thread Capital made 71 disaster recovery loans in partnership with the Golden LEAF Foundation to affected businesses and helped retain more than 1,100 jobs.

“We’ve seen the physical damage hurricanes and tropical storms can bring to North Carolina, but the long-term economic impact is just as devastating,” said Jonathan Brereton, executive director of Thread Capital. “With the Resilient Recovery and Resilient Recovery Express loan products we can ensure that small businesses have the resources they need to quickly and strategically rebuild after a natural disaster, which is crucial for the future of our state’s economy.”

To learn more about Thread Capital’s disaster recovery loans and start an application for an eligible business, visit threadcap.org/disaster-recovery.