Financial Products

NCIF's financial products provide critical, timely capital that drives business growth, increases profitability, creates employment opportunities, and expands the state's urban and rural tax base. Loans may be used for a variety of purposes, including:

• Funds for start-up companies, especially for new or low-income entreprenuers with little credit history or poor credit
• Equity and equity-like financing that leverages traditional debt from banks
• Working capital for established companies so owners can grow sales more rapidly through increased inventory, marketing campaigns, or broker contracts
• Fixed asset investments in technology, plant, and equipment

Loan Products

Business Expansion Loans

NCIF offers term loans to businesses with at least five years of operating history. Loan proceeds can be used for inventory, machinery and equipment, real estate acquisition, or other working capital purposes. Loan amounts range from $15,000 to $150,000; terms are 10 to 15 years.

Subordinated Loans

NCIF extends term loans to start-up companies or businesses with fewer than five years of operating history. Loan proceeds can be used for inventory, machinery and equipment, real estate acquisition, and other working capital purposes. Loan amounts range from $15,000 to $250,000; loan terms are 3 to 7 years.

Equity Products

NCIF invests in companies that meet our underwriting criteria and that fit our "E3" underwriting social and environmental objectives. NCIF’s equity investments are customized to the particular transaction and may include features such as convertible preferred stock, stock warrants, convertible debt, or royalty payments. Investment amounts range from $50,000 to $250,000; all other terms are negotiable.

New Market Tax Credit-based Loan Products

NCIF established a formal working partnership with Coastal Enterprises, Inc. to provide access to New Markets Tax Credit-based loan funds in targeted distressed communities in West Virginia, North Carolina, southwest Virginia and northeast Tennessee. Select projects in the $3 to $20 million range with major economic, social and environmental benefits – the triple bottom-line - will be considered. Read more>>

NCIF encourages bank participation. All NCIF loans can be, and often are, used in partnership with other lenders for larger loans. For example, a local bank may be willing to lend your business funds to purchase real estate or equipment. NCIF can provide your business with critical working capital to help you succeed.