New Fund Offers Loans To Small Businesses In South As They Recover From COVID-19 | WFAE 90.7

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The Southern Opportunity and Resilience Fund is financing loans of up to $100,000 to small businesses in the South.
Applications for a new fund looking to help small businesses in the South recover from the long-term economic effects of the coronavirus pandemic are now open.
The
Southern Opportunity and Resilience Fund is financing loans of up to $100,000 to small businesses in North Carolina and 14 other states.
The program was created by 13 Community Development Financial Institutions with the intention of supporting small and minority-owned businesses. The SOAR Fund currently has $50 million, but fundraising is underway to raise an additional $100 million.
In North Carolina, the Natural Capital Investment Fund is the CDFI that will finance loans to the state’s small business owners.

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