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GET INVOLVED W/ BLACK INNOVATION!
Join the CLT Black Innovation Center’s Development Committee
Become a CLT Black Innovation Center FOUNDING MEMBER
Become an official Stakeholder, Make a Tax-deductible DONATION of $100 or more today!
Become a valued Innovation Partner
Western North Carolina SMALL BUSINESS RECOVERY
Small Business Check-up
Small Business Administration’s Disaster Loan Program
SBA disaster loans help Account for losses not covered by insurance or by the Federal Emergency Management Agency. These include losses the business could have covered if the disaster had not occurred.
The types of loans that are available include:
- Physical damage loans, which cover the repair and replacement of physical assets.
- Economic Injury Disaster Loans, which cover operating expenses after a disaster.
- Mitigation assistance, which provides funding to make improvements that protect against future damage
Business owners can visit the SBA’s website to see if they are eligible.
The loans have 30-year terms at rates not to exceed 4%. The first year, though, carries zero interest as well as deferred payments for a year after the loans are disbursed. There are no prepayment fees or penalties.
But the agency requires collateral for loans of $50,000 or more, with real estate as the preferred collateral. Loans of $200,000 or less will not require the business owner to put up their primary residence as collateral if the owner has other assets of equal value to or greater than the amount of the loan.
The terms now are improved from previous years, after the SBA took action last year to expand eligibility, boost dollars for mitigation and extend deferment for small businesses.
5 WAYS YOU CAN SUPPORT BLACK-OWNED BUSINESSES
Join BBOC Marketplace
-Buy-Black 365 days a year: Become a Group Member of BBOC Marketplace (on Facebook) Today!
SPONSOR BBOC MEMBERSHIP
SPONSOR BBOC Membership for well deserving Black-owned Businesses! Membership ranges from $55-$180 a year. Support one or more Deserving Black-owned businesses Today!
Support BBOC’s BUILD BLACK FUND
DONATE towards BBOC’s Build Black Fund. Mission: Assist Black-Owned Businesses located in Mecklenburg County, who are experiencing business related hardships. In addition to distributing micro-grants to individual Black-owned businesses, The Build Black Fund Accelerator Program provides business owners one year of Technical Assistance (TA), including access to Business Development & Financial Literacy workshops facilitated by BBOC & BBOC Partners!
Show Your Support Today, By Making A Tax-Deductible Donation!
Become a BBOC COACH
Become a BBOC Coach and inspire current and aspiring business owners.
Coaches must provide mentees an initial free consultation and advise BBOC of ongoing services and rates. To learn more contact us today!
Volunteer
Volunteer with BBOC and a Black-owned Business
BBOC’S BLACK BUSINESS CENSUS: Register Your Business
Mission: Ensure an accurate count of Black-owned businesses who are doing business within Mecklenburg County, while also collecting valuable data related to business type, goals, financial challenges, and immediate & longterm needs.
-The WHY: Over 60% of Black-owned businesses were denied PPP funding, with a large majority being denied due to the depletion of funds. Only 2% of corporate funding reaches Black-owned businesses. The BBOC Census Ensures Local, State, & Federal entities have access to data needed to allocate the appropriate amount of Funding & Resources to Black-owned businesses in Mecklenburg County.
The census also provides data ensuring BBOC & BBOC Partners can better assist Black-owned businesses and meet them where they are., to help them scale towards infinite success.
-Census Scope: Business Industry, Business Owner(s), Physical & Mailing Addresses, Annual Gross Revenue, Expenses, Challenges, & Immediate Needs.
BBOC PARTNERS
BBOC PROGRAMS
Yes We Can! Rock Solid Community Support!
Support BLACK INNOVATION Today!
Invest in Black Innovation by making a tax-deductible donation today! 100% of all donations will be allocated to the development of Charlotte’s 1st Black Innovation Center.
INSPIRED. INNOVATED. READY TO BUILD…