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Young Business Owner

LOANS & RESOURCES

Store Owner Using Laptop

MIRCOLOAN PROGRAM

SMALL LOANS.
BIG DREAMS.

The Beaufort County Black Chamber of Commerce is an authorized SBA Microloan Lender and USDA Rural Micro-enterprise Assistance Program Lender (also called Loan intermediary program partners).

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Our Microloan Programs help create access to capital for those businesses that have been denied business financing in the traditional lending markets.

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  • Loan amounts range from $5,000 to a maximum of $100,000

  • Security determined on a case by case basis to adequately collateralize the loan

  • Repayment terms range from 3 to 10 years

  • Loan payments must be made via debit (ACH)

  • Individual qualifications requirements vary from business to business

BCBCC ADVANTAGE LOANS

SMALLER FUNDS. MIGHTY IMPACT.

Our BCBCC Advantage Loans are available to qualified applicants that meet credit approval and reside within CDFI (Community Development Financial Institution) zone. You can borrow as little as $300 up to $2,500 with 12 month and 18 month repayment terms available.

 

This loan aims to meet consumer borrowing needs at an affordable rate and term, and can be used for the following needs: emergencies, auto repairs, small cost home repairs, unexpected expenses and also to help you start your personal credit building process.

Local Family Business

CHAMPIONING BLACK ENTERPRISE

FAQ'S

WHY JOIN THE BCBCC?

  • WE PROVIDE DIGITAL MEDIA MARKETING ASSISTANCE
    We help our members leverage various online platforms and technologies to promote products, services, or brands. This encompasses a range of strategies like social media marketing, content creation, and simple web design.
  • WE PROVIDE ACCESS TO COMMUNITY RESOURCES
    We provide avenues for African-American, women owned, and BIPOC small businesses to learn of resources in our community and state.
  • WE PROVIDE BUSINESS FACILITATION
    The BCBCC is the facilitator between public and private entities looking to expand their participation with disadvantaged business enterprises.
  • WE HELP WITH ACCESS TO CAPITAL
    We are a certified Micro Lender/CDFI entity providing loans for start-ups and business expansions.
  • WE HELP WITH NETWORKING AND REFERRALS
    We work to create networking and referral opportunities among member businesses, existing businesses and the greater Beaufort County business community.
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