Black Chamber offers small-business loans

info@islandpacket.comSeptember 28, 2012 

The Beaufort County Black Chamber of Commerce is providing financial help to small-business owners by lending $5,000 to $50,000 for start-ups, expansions or for material costs.

The chamber can fund only 75 percent of a project; the remaining 25 percent must come from a non-federal source, according to a news release.

Several requirements must be met, including a stipulation that the applicant's income be no more than 80 percent of the area family median, be current clients or graduates of an approved training program, and be a business owner, with collateral in the business.

For other qualifications and information, call 843-986-1102.

In other chamber news, the organization's First Friday Networking event will be from 6 to 8 p.m. Friday at the Hampton Inn at 2342 Boundary St. in Beaufort. Light refreshments will be served, and the event is open to the public.

The Island Packet is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service