Western North Carolina Small Business Initiative (WNCSBI) Grant
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Be sure to apply for this newly created grant for small businesses impacted by Hurricane Helene! The initiative is partnering with local Community Development Financial Institutions (CDFIs) to provide relief grants up to $25,000 to very small businesses across the region that sustained physical damage from Hurricane Helene.
INFO/ONLINE APPLICATION AVAILABLE HERE
Application window open from Oct. 30 – Nov. 27, 2024
Small businesses can use the grants to cover expenses related to recovery and reopening in the wake of Hurricane Helene. Eligible uses include repair and replacement of physical damage, environmental cleanup, payment of business-related rents or mortgages, employee retention and hiring, and more.
Applications will be accepted until 11:59 p.m. on November 27, 2024. Applicants that advance to the second round of evaluation will be contacted to provide additional information about their business. Subject to availability of funding, an additional round of funding may be opened.
To be qualified you must be a small business that:
- Is a for-profit business actively registered with the North Carolina Secretary of State (or a sole proprietorship with an active DBA filing)
- Is physically located in one of the following Western North Carolina counties: Avery, Buncombe, Burke, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, or Yancey; or is located in the Qualla Boundary
- Has been in existence for at least one year
- Had less than $1,000,000 in 2023 annual gross revenue
- Has sustained physical or economic damage (not covered by insurance or other funding sources) from Hurricane Helene
- Is currently operating or plans to reopen
Applicants selected to advance to the second round of evaluation will be required to submit the following documentation:
- Federal tax return (2023) or personal returns that include a Schedule C for the business
- Government-issued ID (Colored Copy)
- Voided business check
Expected Timeline: Applicants that advance to the second round of evaluation will be contacted to provide additional information about their business. Once all required documentation has been received, the qualification review and funding process is expected to take about 2 weeks. The exact timeline will vary based on each individual situation.
Questions?
For programmatic questions, please contact jfripp@acc1.org
For technical issues, please contact wncgrantadmin@crfusa.com