First Rung Partners Inc

How to apply

This foundation reports that it accepts applications.

SEE APPLICATION AT HTTPS://FIRSTRUNGFUND.ORG.

Deadlines: NOT APPLICABLE.

Restrictions: FIRST RUNG PROVIDES LOW-INTEREST (PRIME RATE) MICRO-LOANS UP TO $25,000 TO YOUNG ENTREPRENEURS (AGES 21-50) WHO PLAN TO START OR CURRENTLY HAVE A SMALL BUSINESS LOCATED IN CARTERET COUNTY. FUNDS MUST BE USED FOR APPROVED BUSINESS-RELATED COSTS, SUCH AS SPACE, INVENTORY, EQUIPMENT, MARKETING, ADVERTISING, OR TECHNOLOGY. LOAN AMOUNTS ARE DETERMINED ON A CASE-BY-CASE BASIS DEPENDING ON THE BUSINESS NEEDS AND THE INTENDED PURPOSE FOR THE FUNDS. IF APPROVED, A SEPARATE PACKET OF LOAN DOCUMENTS MUST BE COMPLETED, INCLUDING A BUSINESS LOAN AGREEMENT, PROMISSORY NOTE, AND A SECURITY AGREEMENT.

Check the foundation's own materials before applying; details may have changed.