Finding sources of capital for your business start up can be confusing. This site provides summary information and links to the various resources available for individuals seeking start-up financing, loan guarantee programs as well as technical assistance. Our counselors will also guide you by calling BLNC.
Grants & Loans
- The following grant programs are administered by the North Carolina Office of Science and Technology:
- The North Carolina Green Business Fund awards funds to North Carolina small for-profit and non-profit businesses, and State and local governmental entities, to encourage the development and commercialization of promising green technologies.
- The One North Carolina SBIR/STTR Phase I Incentive Program reimburses qualified North Carolina firms for a portion of the costs incurred in preparing and submitting Phase I proposals for the U.S. Government's Small Business Innovation Research Program and Small Business Technology Transfer Program.
- The One North Carolina SBIR/STTR Phase I Matching Funds Program is designed to award matching funds to North Carolina firms who have been awarded a Small Business Innovation Research Program or Small Business Technology Transfer Program Phase I award.
- The SBTDC supports six Inception Micro-Angel Funds (IMAF) across the state. These funds provide $50,000 to $125,000 in early seed-stage capital to emerging technology-based businesses. Funds are up and running in the Triad, East, West and Coastal Piedmont regions; funds are under development for the Triangle and Coastal regions.
- The N.C. Rural Economic Development Center runs the Microenterprise Loan Program for individuals in North Carolina's 85 rural counties who have sound ideas for starting or expanding a small business but may not qualify for bank loans.
- First Flight Venture Center (FFVC) is a technology incubator located in the heart of the Research Triangle Park. The FFVC mission is to increase the number of technology companies originating in or relocating to North Carolina; its Web site lists loan and other financial resources.
- Golden LEAF Foundation. The Golden LEAF Foundation was created in 1999 to administer half of North Carolina's share of the master settlement agreement with cigarette manufacturers. The not-for-profit foundation is helping transform formerly tobacco-dependent economies through grants in agriculture, economic development and workforce preparedness, as well as educational assistance.
- The N.C. Biotechnology Center has a low-interest loan program for biotechnology-related businesses.
- N.C. Community Development Initiative. Since its founding in 1994, the Institute has channeled more than $65 million to local Community Development Corporations, resulting in more than $358 million of completed local development projects. Financial programs include grants, loans and equity investments.
- N.C. Minority Support Center. Assists with funding available through Community Development Credit Unions.
- Self-Help Credit Union. Self-Help is a community development lender, credit union, and real estate developer that works with individuals, organizations and communities traditionally underserved by conventional markets.
- Tobacco Communities Reinvestment Fund. RAFI’s Tobacco Communities Reinvestment Fund was created in 1997 to address the barriers facing tobacco farmers and tobacco dependent communities.
Offering Securities in North Carolina
You may be considering offering corporate stock, shares in a limited partnership or some other security to help fund your start-up. Security offers and sales in North Carolina are subject to the North Carolina Securities Act. Call the Secretary of State, Securities Division, at (919) 733-3924 or (800) 688-4507 for more information.