A second round of grant applications are now open for the Western North Carolina Small Business Initiative II (WNCSBI).
Small businesses with an annual revenue of up to and including $2.5 million are eligible to apply for grants up to $50,000 from the Western North Carolina Small Business Initiative grant program. Apply now by going to appalachiancommunitycapitalcdfi.org/wnscb-grant.
Grant Description
• Grants up to $50,000 (up to $25,000 for businesses with revenue $1,000,000 or less) are available to eligible small businesses located in Western North Carolina.
Key Dates and Deadlines
• Apply by February 21, 2025 to be considered in Round 2. We encourage you to apply as soon as you can. Applicants that advance to the second round of evaluation will be contacted to provide additional information about their business.
Apply now by going to appalachiancommunitycapitalcdfi.org/wnscb-grant.
• Small businesses can use the grants to cover expenses related to recovery and reopening in the wake of Hurricane Helene. Eligible uses include repair and replacement of physical damage, environmental cleanup, payment of business-related rents or mortgages, employee retention and hiring, and more.
Eligible Counties
• Businesses with an annual revenue of up to and including $2.5 million
• Businesses in the 28 counties and the Eastern Band of Cherokee Indians that are covered by President Biden’s federal disaster declaration or in Dogwood Health Trust’s 18-county footprint, including: Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Cherokee, Clay, Cleveland, Gaston, Graham, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Surry, Swain, Transylvania, Watauga, Wilkes, Yadkin, Yancey.
The Western North Carolina Small Business Initiative II is a partnership between Appalachian Community Capital (ACC), Dogwood Health Trust, and the State of North Carolina. More information is available on ACC’s website. Go to appalachiancommunitycapitalcdfi.org/wnscb-grant to read full eligibility, use of funds, and start your application today.
