Loan Programs: The SBA will guarantee loans through private lenders up to $1 million through the 7(a) program. For loans under $150,000 the LowDoc Loan Program provides a one-page application process with rapid response. The 504-loan program is administered through Certified Development Cos. This bricks and mortar financing helps the business owner with plant acquisition, construction and expansion. Other financing includes the International Loan Program, lines of credit and venture capital through the Small Business Investment Company Program. For more information, see www.sba.gov/nc .
Procurement Assistance: The SBA has the responsibility of making certain that small businesses obtain a fair share of federal government contracts and sub contracts. Contact Mary Bayard, SBA, at 919-541-7895 for more information. The SBA 8(a) program helps socially and disadvantaged businesses obtain federal government contacts.
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For Additional Information
Randolph County Economic Development Corporation
Post Office Box 2001
Asheboro, North Carolina 27204-2001
(336) 626-2233
(336) 626-0777 Fax
Bonnie Renfro - President
brenfro@rcedc.com
Lisa Bennett - Manager, Marketing and Research
lbennett@rcedc.com
Harry Lane - Existing Business and Industry Coordinator
hlane@rcedc.com
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