Slow Money NC Featured By NC Sustainability Center

Slow Money NC was featured in a recent article published on the NC Sustainability Center’s website, entitled “FINANCING THE FOOD SYSTEM: How Slow Money Grows Local Food.” 

“While the movement undoubtedly has ideological and ecological underpinnings – its focus remains on the real world needs of small food related businesses. From encouraging sustained, predictable and long-term loans to ensuring that rates remain affordable (the typical loan rate is between 2-5%), Slow Money advocates argue that it has to be about more than just securing alternative sources of money – but rather rethinking the entire process and terms of how it is leant…”

As Mark Scharaga…founder and owner of Tamashii Sushi and Spoons Restaurant in Wilmington said, “The lenders are driven by a belief and a trust in the people they are supporting. It’s not about your credit rating, but about the mission and vision of your business. What you are trying to achieve.”

Thanks to Sami Grover for this fantastic profile of our organization! Read more here.

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