Small Business Recovery Fund

PROGRAM OVERVIEW

In 2020, Durham City Council approved the creation of the Durham Small Business Recovery Fund program for small businesses adversely affected by COVID-19.

The fund was made up of private money for grants and public funds for loans and was about $3 million, with $1 million from Duke University for grants and about $2 million from the City of Durham and Durham County. The fund was held and administered by the Carolina Small Business Development Fund (CSBDF). In addition to administering the grants, CSBDF also processed, serviced and collected loans on behalf of the City and County. The agency also marketed the programs and provided technical assistance to businesses receiving loans.

Over the duration of the program, 181 local small businesses received assistance in the form of grant and loan funding.

PROGRAM UPDATE

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WEBINARS

During the application process, we held two webinars answering questions about the program.

Watch the English Recovery Fund Webinar

Watch the Spanish Recovery Fund Webinar

SUCCESS STORIES

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