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Commercial Business Loans – 2023

Piedmont Triad Region Small Business Lending Programs.
MWBE Contract Loan Program Click Here to Apply

Piedmont Business Capital and our partners are offering a variety of lending programs for qualified small businesses across Greensboro, Winston Salem, High Point, and rural Piedmont North Carolina.

The MWBE Loan Fund – Providing funding to minority and women-owned businesses registered as an MWBE, DBE, and or HUB who are headquartered in or have acceptable contracts within the Piedmont Triad Region. Businesses seeking a designated status may apply for funding.

  • Term: 30 - 365 days
  • Interest: Recommended by Underwriter
  • Loan Amounts: $10,000 - $100,000
  • UCC filed on Contract
  • Full origination must be completed
  • ACH Information for PBC provided for Contract Performance Payouts

Contract proceeds must be assigned with a signature from the borrower and prime contractor or agency awarding the contract.

The Small Business Expansion Fund (SBEF)

The Small Business Expansion Fund (SBEF) Click Here to Apply

For qualified businesses seeking financing for general working capital, leasehold improvements, inventory, equipment (not rolling stock purchases, and human capital increases to expand their already established business. The loan proceeds can be combined with and subordinated to traditional bank financing.

  • Term: 12 – 60 months
  • Interest: Recommended by the underwriter
  • Loan Amounts: $5,000 - $25,000
  • UCC filed on Contract
  • Full origination must be completed

The Grow More Loan

Greensboro Women and Minority Opportunity Recovery Enterprise (GROW-MORE) Fund Click Here to Apply

Building on PBC’s growing success in assisting underrepresented Triad small businesses with their funding needs, PBC’s proposed the creation of a new fund entitled “Greensboro Women and Minority Opportunity Recovery Enterprise (GROW-MORE).” The GROW-MORE Fund is designed to provide access to new lending products for small minority and women-owned businesses headquartered in the City of Greensboro. The loans will assist in accelerating the recovery of underrepresented businesses from the disproportionate negative economic impact caused by the COVID-19 pandemic.

The GROW-MORE Fund is comprised of the following new loan programs:

  • GROW-MORE Revolving Loan Program
  • The revolving loan program will provide loans ranging from $15,000 to $25,000. Repayments will be deferred for the 1st 90 days. Loan terms will range from 12 to 36 months with a sliding scale of interest rates based on the term ranging from 0% to 2.0%.
  • GROW-MORE Line of Credit Program
  • Lines of credit ranging from $25,000 to $50,000 will be offered to qualifying businesses.
  • GROW-MORE Digital Infrastructure Capacity Expansion (DICE) Program
  • The Digital Infrastructure Capacity Expansion (DICE) loans are designed for businesses that need to expand their broadband infrastructure or digital literacy. DICE loans will range from $5,000 to $10,000.

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