Borrower Information Form

How do you get Slow Money NC loan?
If you have a local farm or other local food enterprise, with a viable need for capital to get started or expand, Slow Money NC may be able to help.

Slow Money NC is bringing people together to discuss how we can get on with fixing our local food economy from the ground up by using sustainable practices to offer healthy, delicious, nutritious, local food to our community.

If your business fits this mission we invite you to fill out this online Borrower Information Form and someone will contact you very soon. The questions are designed to help us get to know you better, not simply based on credit checks and exhaustive business plans.

Slow Money NC does not have any money to lend. But we meet people who do, and they might want to meet you. These are primarily direct, peer-to-peer, low-interest loans, that are transacted by people who know one another.

We will try to introduce you to individuals in your area who have shown an interest in supporting local food businesses. If we don’t have any potential lenders in your area we will let you know that as well.

These are meant to be affordable loans, and the interest rate will be negotiated between the lender and borrower, typically between 2 and 4% depending on the size and term of the loan. While their are no fees for making or receiving Slow Money loans, as a non-profit enterprise, Slow Money NC relies on donations so that they may continue to run this project. We hope you will help.

We look forward to speaking with you about your ideas!

Any questions about this form, or Slow Money NC, just contact us.

If you do not hear back within a few days, feel free to send a follow-up email as well.

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By submitting this form, I certify that I have read and agree with the Slow Money Principles, and I am committed to the mission of the Slow Money NC Project.

Name(required)

Co-Borrower's Name (if applicable)

Business Name(required)

Mailing Address(required)

City(required)

State(required)

Zip(required)

Email(required)

Phone(required)

How did you hear about Slow Money NC?(required)

Tell us your story. Who are you? What is your business idea? Tell us your plan. Feel free to get into the details.(required)

Please briefly describe your commitment to sustainable food systems in North Carolina.(required)

What will your sales be? What do you anticipate your profits/your margins will look like? How will you make the money to pay this loan back?(required)

Have you borrowed money before? How much did you borrow? From where? How long was the term? Is there a balance still due on that loan?(required)

Do you have people who would vouch for your credit worthiness? Who are they?(required)

Tell us about your business background. Have you been in business before?(required)

How much money do you need to borrow to make your project work? How long do you think you would need to pay that back?(required)

Are there other lenders involved in your project or business?(required)

What is your timeline for this project? Would you like it to start in a month? 6 months? A year?(required)

Is there anything else we forgot to ask you?

By submitting this form you are (both, if joint applicants) attesting to the fact that you are the person(s) named in the application data contained in the fields above, and that the information you have submitted is true and accurate to the best of your knowledge.

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