Small Business Loans

The Kerr-Tar Regional Council of Governments (COG) is a lender of last resort to help small businesses start, grow and expand to help create jobs in the Kerr-Tar Region.

The COG offers loans under two programs:

• Revolving loan fund – offers loans of $25,000 to $200,000 for working capital, fixed-asset acquisition or construction or acquisition of a business for new or expanding businesses that create jobs as a result of the loan.
• Microenterprise loan fund – offers loans of $5,000 to $25,000 for very small businesses (five or fewer employees/owners) for start-up or expansion. Sixty percent of employers/owners must be below the low-to-moderate income level established by the U.S. Department of Housing and Urban Development for the county in which the business is located.