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Disaster Recovery

Thread Capital’s two disaster recovery loan products can help your affected small business quickly get back on track after the storm and move forward to a more resilient future.

Resilient Recovery Loan

Resilient Recovery loans are Thread Capital’s new long-term loans designed to meet the extended challenges faced during a business’ disaster recovery, including repairing physical damage and recouping from more significant economic losses. Resilient Recovery loans are intended to ensure the business is fully stabilized and is able to handle future economic shocks. Terms are up to $250,000 for up to ten years.

This is NOT a grant program. Resilient Recovery loans were created to make sure the business is fully stabilized and in a better position to recover from future storms. As such, eligibility for funding is contingent on documentation of storm damage from a declared natural disaster.



Rapid Recovery Loan

Rapid Recovery loans are expedited bridge loans for up to $50,000 at 0 percent interest for six months. Small businesses use the short-term capital to immediately stabilize the business, including covering cleanup costs and lost revenue. These loans provide immediate cash to businesses while they wait for a Small Business Administration (SBA) loan or insurance payouts.

This is NOT a grant program. Bridge loans are not designed to be a long-term source of assistance for small businesses. As such, eligibility for funding is contingent on the pursuit of other funding sources, including SBA Physical and Economic Injury Disaster Loans. Repayment is expected upon receipt of funding from more permanent sources.

The Rapid Recovery loan program was discontinued on Jan. 31, 2019. However, it may be reactivated as needed after future natural disasters.



  • SBTDC for business counseling, access to capital, and long-term recovery planning.
  • SBCN for general business counseling, assessment of the economic impact on your business, and more.
  • BLNC for a directory of business resources through their toll-free number, (800) 228-8443.
  • SBA for disaster loans and business counseling for people and businesses affected by declared disasters.
  • NC Emergency Management for recovery resources and emergency preparedness.
  • Disaster Unemployment Assistance for unemployment insurance benefits due to a natural disaster.
  • NC Department of Agriculture for resources to assist farmers.

(Flooded downtown Fair Bluff after Hurricane Matthew. Photo credit: Jody Johnson)