Loans and Tax Credit Opportunities

Loans

City of Wilson/EPA Brownfield Revolving Loan Fund

Brownfields property means abandoned, idle, or underused property at which expansion or redevelopment is hindered by actual or perceived environmental contamination. Examples are abandoned gas stations, old textile mills, industrial plants, former dry cleaners, and other abandoned industrial or commercial properties. Funding is available to assist developers who wish to redevelop these sites, however, the City of Wilson is currently out of Assessment Grants–this is a loan that is offered for properties that have already been assessed and funding is needed for clean-up.

www.wilsonnc.org

Upper Coastal Plain Business Development Center Small Business Loans

The Business Development Center is an entrepreneurial business incubator serving startup and existing small businesses in the Upper Coastal Plain Region of Eastern North Carolina. Their Council of Governments and Development Corporation are proud to be able to offer loan programs to businesses to benefit rural areas as an alternative lender.

121 Nash Street W | 252-234-5900 | www.ucpbdc.com

252-234-5901 | www.ucpcog.org 

N.C. Rural Center Micro-enterprise Loans

The North Carolina Rural Center delivers resources for rural people, businesses and communities. Microenterprises are our smallest businesses, commonly called mom-and-pop businesses. The N.C. Rural Center will work with people who have good ideas and sound character, but may have difficulty obtaining a loan from traditional sources.

www.ncruralcenter.org

Self-Help Credit Union

There is a branch here in Wilson and the Self-Help Credit Union can offer commercial loans for $250,000 and up, with no maximum project size. We consider applications for all kinds of businesses and projects, but we specialize in sectors like green businesses, renewable energy, charter schools, healthy-foods businesses and more.

www.self-helpfcu.org

U.S. Small Business Administration/N.C. District Office

There are three satellite locations in Asheville, Charlotte, Raleigh and Wilmington offering business resources, loans, grants and much more.

Raleigh location | 919-532-5525

www.sba.gov/nc

Tax Credits

N.C. Historic Preservation Tax Credit

Assists in the identification, evaluation, protection, and enhancement of properties significant in North Carolina history and archaeology. Some buildings in Historic Downtown Wilson may qualify for Federal and State tax credits.

www.hpo.ncdcr.gov

Federal Historic Preservation Tax Credit

The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and re-use of historic buildings.

www.nps.gov