Small Business Opportunity Loan Fund
Apply for Low-Interest Small Business Loans The City of Durham and Durham County established the Durham Small Business Opportunity Loan Fund program to support small businesses located throughout Durham. The fund is held and administered by the Carolina Small Business Development Fund (CSBDF).
Visit the CSBDF website
Program Features Loans from $5,000 - $35,000 12 months of interest-only payments No collateral required Many eligible uses, including to refinance high-interest debt from predatory loans! Who is Eligible? Durham businesses with fewer than 50 employees Food trucks and home-based businesses included! History of the Fund In the summer of 2020, the fund was known as the Small Business Recovery Fund. It was created during the height of the COVID-19 pandemic. At that time, thanks in part to funds from Duke University, the Small Business Recovery Fund distributed just over $800,000 in loans to 38 small business owners in Durham.
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