New Fund Offers Loans To Small Businesses In South As They Recover From COVID-19 | WFAE 90.7
Unsplash The Southern Opportunity and Resilience Fund is financing loans of up to $100,000 to small businesses in the South. Applications for a new fund looking to help small businesses in the South recover from the long-term economic effects of the coronavirus pandemic are now open. The Southern Opportunity and Resilience Fund is financing loans of up to $100,000 to small businesses in North Carolina and 14 other states. The program was created by 13 Community Development Financial Institutions with the intention of supporting small and minority-owned businesses. The SOAR Fund currently ha...