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.
Program Overview
- Working capital loan
- Equipment loan
- No penalty for prepayment
- Federal crop insurance - NAP PROGRAM
- only NC businesses
Access to Capital
- Credit counseling
- Fixed interest rate of
- Prime rate + 2.25%
- Minimum of 12 months
- Maximum of 24 months
- Up to $50,000
Equipment Needs
- Technical assistance
- Fixed interest rate of
- Prime + 2.25%
- Minimum of 12 months
- Maximum of 60 months
- Up to $50,000

Apply for a Loan
Click the image to begin the application process

Resources
Click the image if you would like to start a business in the shellfish industry.

Contact Us
Contact us at ncshellfish@arraycdc.org
Program Eligibility
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.
Other Requirements
Download the Shellfish Growers Loan informational flyer
Partners