Areas Served: Cherokee, Graham, Clay, Swain, Macon, Haywood and Jackson counties
The Sequoyah Fund offers several loan products for businesses in the North Carolina counties of Cherokee, Graham, Clay, Swain, Macon, Haywood and Jackson.
¢ New Economy Fund provides business loans totaling $50,000-$250,000 for green, knowledge-based, or creative economy businesses located in the seven far-western counties of North Carolina.
These funds are available to qualified individuals who have resided in the region for at least two years.
SCORE of Asheville will collaborate with Sequoyah Fund to provide success coaching to these clients.
USDA Intermediary Relending Program (IRP) in conjunction with Southwestern Planning Commission’s Economic Development Administration (EDA) will provide the capital for this loan product.
EBCI enrollment is not required.
¢ Healthy Foods Venture Fund will provide lending prudently and productively in unconventional markets often overlooked by conventional financial institutions.
More and more consumers are searching for fresher, healthier, unprocessed, and nutritive foods that will help them stay fit and healthy.
An increase in obesity and the incidence of heart disease has resulted in this dramatic change.
In response to this market demand and in an effort to bolster local brand development, The Sequoyah Fund will seek investments from the Cherokee Preservation Foundation and the CDFI Fund to support business development in this arena.
EBCI enrollment is not required.
¢ Downtown Revitalization Fund provides commercial real estate façade renovation loans up to $150,000. Qualifying individuals must own or lease a business located in the Cherokee Business District.
EBCI enrollment is not required.
¢ The Credit Builder Fund will provide innovative solutions to help build client credit and financial access in order to grow their businesses and/or personal assets.
The Credit Builder is a credit-repair loan program coupled with intense one-on-one credit counseling.
These consumer loans include a client savings program designed to pay off and remove derogatory comments and past due bills named on credit reports.
The Cherokee Business Center under the leadership of Gloria Rattler, has committed a full time staff member to this program.
The Sequoyah Fund will seek investments from the Cherokee Preservation Foundation and the CDFI Fund to support this initiative.
Anyone living on the Qualla Boundary may quality for this loan.
¢ Business Enterprise Fund provides business retention or expansion loans totaling $50,000-$250,000. Qualifying individuals must be enrolled members of the Eastern Band of Cherokee Indians living on the Qualla Boundary or in the seven far-western counties of North Carolina.
See our Guide to Starting a Business in Cherokee (PDF)
¢ New Beginnings Fund provides new business start-up loans not exceeding $50,000. Qualifying individuals must be enrolled members of the Eastern Band of Cherokee Indians living on the Qualla Boundary or in the seven far-western counties of North Carolina.
See our Guide to Starting a Business in Cherokee (PDF)
¢ Capital Projects Fund provides loans to Tribal Enterprises/Non-profit organizations.
See our Guide to Starting a Business in Cherokee (PDF)
¢ Healthy Home Rehabilitation Fund provides consumer loans up to $15,000 for home repairs.
New appliances purchased must be energy star rated.
Qualifying individuals must be enrolled members of the Eastern Band of Cherokee Indians living in the seven far-western counties of North Carolina.
¢ Artisan Studio Fund provides business loans up to $25,000 for the construction of home-based studios.
Qualifying individuals must be enrolled members of the Eastern Band of Cherokee Indians living in the seven far-western counties of North Carolina.
Contact InformationSequoyah Fund
Address: 810 Acquoni Road
City: Cherokee
State: North Carolina
Website:
http://www.sequoyahfund.org/loans.html
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