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Small Business Loan

Thread Capital

Funding Amount


Also have access to loans up to $5 million through a network of statewide lending partners

Funding Cycle

Rolling Applications
(Loan decisions typically made within 15 days and funded within 30)


Targeting this range focuses Thread Capital on the biggest gap in the current lending marketplace, where small business owners have the most difficulty finding affordable options

- Loans are available for up to $50,000 for start-up businesses (having less than 12 months of documented revenue)
- Loans are available for up to $100,000 for existing businesses (having more than 12 months of documented revenue)
- Loan terms are for up to 84 months
- Loan payments are fully amortized over the term of the loan
- Interest rate is 10.99 percent
- There is no pre-payment penalty
- Defaulted loans are subject to commercial collection processes

Who Can Apply

- Applicants must have at least one employee, who could be the owner
- The small business must be physically located in North Carolina

Other Requirements
- Any individual with greater than 20 percent ownership in the applying business must co-sign the loan
- Borrowers are expected to pledge all available assets for collateral

Additional Eligibility Requirements

All applicants must:
- Own and operate a legal for profit business in NC or plan to do so
- Be at least 18 years of age
- Have credit showing a successful repayment history
- Not have any active judgments, foreclosures, or federal obligations in default
- Sufficent cashflow to cover household and business expenses and this additional debt

How to apply:


North Carolina

Additional Information

If you have questions, contact the organization at or (919) 212-4950

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