Grant and Loan Amounts

Businesses are only eligible for the grant if they have filed 2 consecutive years of occupation tax (2018 & 2019 OR 2019 & 2020) or are exempt from Occupation Tax requirements because they are a qualifying nonprofit.

Grant amounts are based on employee count reported on your most recent Occupation Tax Application (Business License). This chart outlines the grant amount for each business size for business from 1-20 employees

Loan Amounts and Payment Estimates

Loans range from $3,001 - $12,500.

The JDA will evaluate applications from responsive and eligible applicants using the Public Benefit and Financial scoring factors in the Scoring Matrix. The scoring factors are designed to identify the most advantageous Applications as determined by the JDA. Subject to the availability of funding in each funding round, the JDA will make loans to the Applicants in each funding round whose Applications are determined in writing to be the most advantageous to the citizens of ACC and the City of Winterville, taking into consideration these scoring factors. Each Application will receive a total score that is the sum of points awarded under its Public Benefit and its Financial factors. The scoring factors shall be the basis on which the loan decisions are made. However, the JDA reserves the right to decline any or all Applications in the exercise of the best judgment of the JDA. Without limitation, the JDA may decline any Application whose approval it does not deem to be in the best interest of the citizens of ACC and Winterville, notwithstanding the Applicant’s score. Subject to the foregoing, the JDA intends to make the loans in each funding round to the Applicants receiving the highest total scores.

Estimated Loan Payments

Here are estimated monthly payments depending on what loan amount you request and are approved for.