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Loan Programs

Loan Programs


RLF
UCPCOG REVOLVING LOAN FUND
The UPPER COASTAL PLAIN COUNCIL OF GOVERNMENTS AND DEVELOPMENT CORPORATION are proud to be able to offer a loan program to businesses to benefit rural areas. The primary purpose of these programs are to foster small business development, create new jobs, job retention, and improve the economic and environmental climate in rural communities throughout Edgecombe, HalifaxNashNorthampton, and Wilson Counties. This is accomplished by offering access to capital and making quality loans to qualified borrowers in order to provide long term community benefits.

COMMERCIAL LOAN PROGRAMS ($25,000 TO $100,000)

Commercial loans are offered from $25,000 to $100,000, generally at below market fixed rates of interest to qualified applicants. The commercial loan program is available in participation with the borrower's bank. Generally, Upper Coastal Plain Council of Governments can facilitate from 25% to 33% of the total loan request. 

HELPFUL DOCUMENTS FOR REVIEW PRIOR TO A LOAN INQUIRY
Revolving Loan Fund Program Summary
Checklist of Basic Items for a Loan
Financing Policies 

TECHNICAL ASSISTANCE

Technical assistance is also offered to persons interested in starting or expanding a business in conjunction with a loan request. Services include assistance with business planning, financial projections, and marketing plan development.


For additional information contact:

Ron Townley, Acting Loan Officer
252-234-5965