Seminar targets start-up businesses

By: Staff report

LUMBERTON — A financial resource seminar designed to connect entrepreneurs to a new funding opportunity has been scheduled for Sept. 18.

The event, sponsored by the Lumberton Entrepreneurial Assistance Program,, will take place from 5:30 to 7 p.m. at Lumberton City Hall, located at 500 N. Cedar St. The seminar is designed to give information about making connections between small-business owners and sources of funding with which to start a business or help an existing business grow.

“These are what is called a ‘gap loan,’” said Connie Russ, downtown development coordinator. “It’s not a full loan, but to bridge the gap between actually starting and getting the business open.”

A start-up business owner may already have their main loan, but just need some extra money to get things going, and to provide working capital, Russ said.

“They are part of several revolving loan programs going into communities that were impacted by Hurricane Matthew,” said Shannon O’Shea, of Thread Capital. “The program is designed to provide coaching, administration and connections to resources.”

Thread Capital is the funding resource. The funding is being provided through the N.C. Rural Center.

There are limited funds, so priority will be given to businesses that want to locate in the downtown Lumberton area, Russ said.

Staff report

Reach David at 910-416-5182 or [email protected]

Reach David at 910-416-5182 or [email protected]