GRANT · HOW TO WIN THIS
Loans from $500 to $5 million; program currently paused
New applications paused since May 1, 2024. Check threadcap.org for updates on reopening.
FUNDING TYPE
CDFI, Loan
CAN YOU GET THIS?
YOUR REAL ODDS
New applicants cannot currently be considered — the program is on hold indefinitely.
Thread Capital has not announced when or if new applications will reopen. Existing clients impacted by Hurricane Helene can contact them directly for disaster relief options.
WHAT IT TAKES
Check Thread Capital's site for a reopening announcement — 5 minutes
If reopened, prepare a business plan and credit history review — 1-2 weeks
Submit application through their online portal — 1-2 hours
WORTH KNOWING
Thread Capital also offers coaching and connections to a statewide lending partner network, so even if direct lending remains paused, they may be able to refer you to other financing sources in North Carolina.
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