Mountain Community Capital Fund Information

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The  Mountain Community Capital Fund is a new loan guarantee fund for small business loans which is available to entrepreneurs in Asheville and Buncombe County. It is a collaboration between Carolina Small Business Development Fund, Mountain BizWorks, Self-Help Credit Union, The City of Asheville and Buncombe County.

The Mountain Community Capital Fund is sponsored by The City of Asheville, Buncombe County, Self-Help Ventures Fund (“Self-Help”), Carolina Small Business, and Mountain BizWorks. The Mountain Community Capital Fund (MCCF) aims to provide debt financing to small business enterprises within the City of Asheville and Buncombe County.

This loan fund is especially intended for borrowers whose main barrier is a lack of collateral. It is available to all entrepreneurs, especially entrepreneurs of color and borrowers with low incomes, living within the City of Asheville or Buncombe County. This fund is intended for loans in the range of $5,000.00 to $70,000.00, although larger loan amounts may be considered. The program launched on Tuesday, August 27, 2019.

For additional information on support for minority and women-owned businesses, visit the Asheville Business Inclusion Office page.


Flyer from October 10, 2019 event

Updates

October 10, 2019

The Arthur R. Edington Education and Career Center was relaunched by the Mountain Community Capital Fund with the assistance of our Black community leaders at an event held on October 10, 2019 between 5:30 p.m. and 7:30 p.m.

Buncombe County Commissioner Al Whitesides and City Councilman Keith Young led a panel discussion while attendees enjoyed a delicious meal.

Other highlights of the evening included a business owner showcase, an introduction to the Mountain Community Capital Fund, a community Q and A, and an opportunity for networking.

 

 

 

 

attendees enjoying speaker    attendees collaborating

Commissioner Whitesides speaks engaging speaker

 

 

 

 

 

 

 


 

Apply for a Loan

 

Borrowers will need to show that they have the ability to make debt payments, and provide proof of their business’ viability.

Notice: Interested applicants should approach the lenders and fill out a standard small business application.

 

Carolina Small Business Development Fund

Self – Help Credit Union

MCCF@CarolinaSmallBusiness.org

 

Mountain BizWorks

Mountain BizWorks

MCCF@mountainbizworks.org

 

Self Help Credit Union

Carolina Small Business Development Center

MCCF@self-help.org

 


Partners

 

Mountain Community Capital Fund is made possible by the following community partners:

 

 


Contact Information

 

Rosanna Fox Mulcahy, Asheville Business Inclusion Manager
828-259-8050

 


Updated 8/18/2020


 

 

 

 

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