The North Carolina COVID-19 Rapid Recovery Lending program supports North Carolina small businesses and family farms as they recover from the economic impact of COVID-19. This rapid recovery loan helps small businesses bridge the gap between when crisis strikes and when federal loans and other relief funds are approved, or businesses have time to recover. This loan program is not a grant. It is not designed to be a singular source of assistance for small businesses. Repayment is expected either from more permanent funding or from the future cash flow of the business. Businesses that have experienced revenue losses due to COVID-19 are elgible for the loan. Rapid Recovery loans are low-interest and are available for up to $50,000 and the low interest loans are payment-free fro the first six months. If not paid off before the seventh month payment begin for a 48-month term.
Pisgah Laboratories, Inc., Announces $55 million Multi-Phase Expansion in Transylvania County
Pharmaceutical manufacturer Pisgah Laboratories, Inc., has announced a $55 million multi-phase expansion in Transylvania County, which will create at least 55 new local jobs by the year 2026. Pisgah Labs was founded locally in 1981 and currently operates a...
