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Small Business Recovery Loans

Did your small business suffer due to Hurricane Matthew? We may be able to help.

Self-Help has partnered with the North Carolina Department of Commerce to administer the Small Business Recovery Assistance Program (SBRAP). SBRAP is a new, low interest, forgivable loan program to help eastern North Carolina businesses that are still recovering from Hurricane Matthew. SBRAP can provide a great growth opportunity for businesses that experienced a drop in net income after the hurricane.

Benefits of Self-Help Small Business Recovery Loans

  • Loan forgiveness up to $75,000 (based on number of jobs)*
  • Below-market interest rates
  • No minimum or maximum loan amount
  • Flexible terms and conditions

* A sole proprietorship equals one job.

You may qualify if your small business meets all of the following criteria:

  • Located in eastern North Carolina (see map of eligible counties)
  • Experienced either physical damage or economic hardship as a result of Hurricane Matthew
  • Provides jobs currently or plans to create new jobs (a sole proprietorship equals one job)
Economic hardship can include lost customers or contracts, damaged inventory, sustained drop in revenue, or interrupted growth trajectories. Businesses that received FEMA funds or an SBA disaster assistance loan may still qualify.


Eligible Uses of Self-Help Small Business Recovery Loans

  • Cover working capital
  • Pay for marketing
  • Fund operating costs
  • Purchase inventory
  • Relocate a business
  • Make property improvements or repairs
  • Purchase and install equipment, furniture and fixtures

For more information, contact us at or call 800.966.7353 ext. 5.

If you're ready to apply, you can fill out and submit your loan application.

If you're ready to apply and your business is a child care business, please fill out and submit our child care loan application instead.

map of eligible NC counties

50 Eligible Counties in Eastern North Carolina

This program covers all 50 counties in Eastern North Carolina that were affected by Hurricane Matthew, with a special focus on Cumberland, Edgecombe, Robeson and Wayne counties.