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.
Custom Tube Products to Open a Second Location in Transylvania County
Custom Tube Products, an advanced manufacturing company based in Edgewater, Florida will open a second facility in Rosman beginning this Fall. The move marks the first expansion for the company outside of their main facility. The business will occupy more than 20,000...
