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Address

Mailing Address:

Charlotte Mecklenburg Government Center
600 East 4th Street
Charlotte, NC 28202

Office Location:

Charlotte Mecklenburg Government Center
600 East 4th Street
Charlotte, NC 28202

MAP

Hours: Mon-Fri  8 a.m. - 5 p.m.

Contact

County Manager's Office
980-314-2900

Microbusiness Stabilization Fund

Banner for Microbusiness Stabilization Fund, shows large hand placing bridge for small person to walk across.

​Program Overview

To mitigate the economic impacts caused by COVID-19 for Mecklenburg County's most vulnerable businesses, the County has committed $1,000,000 of readily available, federal CDBG funds to create the Microbusiness Stabilization Fund. Read the FAQ here.

  • The Microbusiness Stabilization Fund provides loans in amounts up to $10,000 to qualifying businesses.
  • The business must have a physical location within the Towns of Cornelius, Davidson, Huntersville, Matthews or Pineville or be located in an ETJ/unincorporated areas of Mecklenburg County. 
  • This program is for any microbusiness with no more than five (5) employees impacted by coronavirus/COVID-19.
  • The Microbusiness Stabilization Fund will be available on a first-come, first-served basis until funds have been exhausted. If approved, disbursements will be available within 10 days of receipt of the application.
  • The program is managed through Centralina Council of Governments (CCOG), which currently administers the County’s CDBG (Community Development Block Grant) program.

Loan Details

  • Funds may be used to cover the day-to-day operating expenses of the business, such as payroll costs, commercial mortgage payments, rent, utilities or losses due to destabilizing events.
  • No collateral or personal guarantees are required, and businesses will not be charged any fees.
  • The loan is fully forgivable if the funds are used for eligible expenses. 
  • This loan has a maturity of 3 years at 0%.

Eligibility

Businesses must meet the following criteria to qualify:

  • The business owner or 51% of employees must have low- or moderate-income.
    See household income chart.
  • The business must have five employees or less.
  • The business must have experienced a loss of income due to COVID-19, 
  • The business must be located within Mecklenburg County (excluding Charlotte and Mint Hill).

Application

Please complete and submit the electronic application linked below. As part of the submission, applicants will need to print and sign the Certification and Authorization Agreement, to be scanned/photographed, and uploaded with the required documents.

The following information will be needed to complete applications: 

  • Signed certification page
  • Copy of driver’s licenses
  • Copy of lease or mortgage statement – if using funds for this purpose.
  • Copy of other debt obligations – if using funds for this purpose.
  • Payroll documentation – if using funds for this purpose
  • 2019 tax returned if filed otherwise 2018 tax return for the business
  • 2019 tax refund if filed otherwise 2018 owner’s personal tax return
  • Completed W-9

**Please note:  if all the required documents are not provided with the submission of the application, your submission will be considered incomplete and not considered for funding.





For questions please contact us here.


Address

Mailing Address:

Charlotte Mecklenburg Government Center
600 East 4th Street
Charlotte, NC 28202

Office Location:

Charlotte Mecklenburg Government Center
600 East 4th Street
Charlotte, NC 28202

MAP

Hours: Mon-Fri  8 a.m. - 5 p.m.

Contact

County Manager's Office
980-314-2900