Microbusiness Stabilization Fund

• 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.
  

• 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).
  

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.