Loans for Recycling Businesses

A variety of loans may be available to recycling businesses. While RBAC does not lend money directly, it does provide information on a range of loan types and agencies available to recycling businesses.

Self-Help Credit Union 

North Carolina's Self-Help Credit Union provides loans from $15,000 to $500,000 for existing small businesses and nonprofits. Loans can be used to expand, purchase equipment, buy or renovate a building, or cover everyday expenses. They offer fully secured term loans, typically requiring real estate collateral, and SBA financing options including 504 and 7(a) loans. Borrowers must have been in operation for at least two years. Lines of credit and bridge/short-term financing are not available.

Partner Community Capital

North Carolina's Partner Community Capital provides loans from $5,000 to $1.5 million to locally-owned small businesses in Eastern and Western NC. They focus on businesses that create lasting jobs, support their communities, or use natural resources responsibly. Priority borrowers include minority and woman-owned businesses, rural businesses, and those providing vital community services or consumer products and services. As a non-traditional lender, they pair flexible financing with strategic advisory services to help borrowers make the most of their loan.

Mountain BizWorks

Mountain BizWorks specializes in non-traditional loans from $1,000 to $500,000 to help small businesses in Western North Carolina launch and expand. In addition to financing, they offer business planning courses, technical support, and training.

Small Business Administration Loans

The U.S. Small Business Administration (SBA) sets the guidelines for several loan programs to assist small businesses. SBA does not lend money directly but serves as a guarantor of loans made by private, community and other lending institutions. Loans can be used for most sound business purposes including working capital, equipment, furniture and fixtures, land, buildings (including purchase, renovation and new construction), leasehold improvements and debt refinancing (under special conditions). 

Other Funding Sources

SJF Ventures

SJF Ventures is a venture capital fund that finances and assists rapidly-growing companies with more than $1 million in sales. SJF Ventures seeks new investment opportunities, particularly in the renewable energy and efficiency, green building, organic and premium products, business and health care services, and water and infrastructure sectors. Contact the SJF Durham Office at 919-530-1177.