Ready to Grow Your Business?
The Shellfish Growers Loan Program shall provide a source of low-interest working capital and equipment loans to emerging and existing small shellfish growers in North Carolina.
Thread Capital and Array Community Development Corporation offer loans up to $50,000 for new and existing shellfish growers in North Carolina. This is not a grant program. This loan program is a partnership with the North Carolina Rural Economic Development Center and the North Carolina Coastal Federation, designed to support the growth of the NC shellfish industry. We have a specific focus on small businesses that are owned by people of color, women, low-income individuals, and rural-based individuals.
The business must have:
1. USDA FSA Noninsured Crop Disaster Assistance Program (NAP)coverage.
2. A shellfish lease from the NC Department of Environmental Quality.
3. The shellfish operation must be physically located in North Carolina.
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Answers to some of the most important questions when applying for a loan
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