Financial Assistance for Farms and Small Businesses
(Updated: Oct. 11, 2024, 11:50 a.m.)
As we continue to navigate through the immediate recovery efforts following Hurricane Helene, financial assistance for farms and farm-based businesses is becoming available.
ASAP's Immediate Needs Grant - APPLY HERE
WNC Communities Immediate Disaster Needs Grant
WNC Communities Immediate Disaster Needs Grant recognizes that farmers have immediate needs to stabilize their farm businesses and to support our food system. The goal of this program is to provide resources quickly to legitimate farm businesses with urgent needs that will directly impact assist getting the farm business back in operation as soon as possible. For the first round of funding, we will be accepting applications from October 10th – 31st. Funds will be awarded on a rolling basis, prioritizing the most urgent needs first.Farm businesses with damages directly related to Tropical Storm Helene are eligible. Any farm with direct damages within WNC Communities’ 20 county service region may apply: Ashe, Avery, Buncombe, Burke, Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Madison, Macon, McDowell, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, Yancey.
Online applications are available through the link below, and the Buncombe Cooperative Extension Center will have paper applications and can assist those with limited connectivity. THIS FUND IS ONLY FOR BONAFIDE FARMS, and a representative from a partner agency will pre-qualify your application to make sure your farm meets the requirements of this assistance program. Partner organizations include: WNC Communities, N.C. Cooperative Extension, local county Soil and Water offices, NC Farm Bureau, Appalachian Sustainable Agriculture Project (ASAP), North Carolina Department of Agriculture &Consumer Services, WNC Livestock ExchangeWNC Strong: Helene Business Recovery Fund
Mountain BizWorks, based in Asheville, is launching this disaster loan program thanks to $7.5 million in initial funding from the Golden LEAF Foundation. Setup as rapid recovery loans to help businesses that have been operating for at least 6 months, in one of the 32 NC counties covered in the SBA’s Helene Disaster Declaration Area can apply for rapid recovery loans of up to $100,000 to meet immediate needs while waiting for federal loans, insurance payouts, or other relief.WNC Strong Rapid Recovery Loan - APPLY HERE
Support through the Small Business Administration
The Small Business Administration (SBA) supports every business (of any size) within the declared disaster areas, private nonprofit organization, or resident affected by Helene. You can access these funding streams online or at the opened Business Recovery Centers (BRC’s) managed by SBA or Disaster Recovery Centers (DRC’s) managed by FEMA.
It’s helpful to start this process immediately. You do not have to wait for insurance coverage determinations or claims denials to apply for SBA programs. The application filing deadline for physical damage is Wednesday, Nov. 27 and economic injury is Monday, June 30.
Additional funding opportunities will be added as those channels open.