Mountain Community Capital Fund Information

Apply


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.

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.

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.

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


Flyer from October 10, 2019 event

Past Events

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 10/22/2020


 

 

 

 

Related Services

women cafe owners
Business Inclusion

The Business Inclusion Office for the City of Asheville actively seeks to identify minority and women-owned businesses for an opportunity to participate as providers of goods and services to the city.

code purple text
Cold weather emergency shelter

When extreme cold weather is expected, the Asheville Homeless Coalition issues a Code Purple Alert. Participating homeless shelters voluntarily add space beyond their normal capacity to keep as many people as possible out of the cold. To find out when Code Purple is in effect, visit the Homeless Coalition’s Code [...]

Mountain Community Capital Fund Information News

Code Purple illustration
City of Asheville shares resources for people experiencing homelessness during Code Purple

  With temperatures going down into the 20s this week, the Asheville-Buncombe Homeless Coalition has called a Code Purple for people who need shelter. Starting Dec. 1, shelter will be available at First Congregational UCC, 20 Oak St., for about 30 men and up to 20 women and children. This is in partnership with Western Carolina Rescue [...]

Asheville Santa
Haywood Streetscape Project complete in time for the holidays

  The City of Asheville is happy to announce the completion of the Haywood Streetscape and Infrastructure Improvement project, which features expanded public sidewalk space and improved pedestrian access and amenities. The project, which took 10 months of construction, included sewer and water line upgrades in the Haywood Street vicinity (including College Street, Walnut Street and Rankin [...]

Plan illustration
One week left for public comment on City of Asheville’s draft 5-Year Consolidated Plan 

    After more than a year of community engagement and study, the City of Asheville Department of Community and Economic Development is ready to release the Department of Housing and Urban Development (HUD) 5-Year Consolidated Plan. Still in final draft form, the Consolidated Plan is designed to help states and local jurisdictions assess their affordable housing [...]