Launched in 2017, SOIL (Slow Opportunities to Invest Locally) NC is a revolving loan fund that collects charitable contributions to make 0% loans to small food enterprises throughout North Carolina.
Over time as loans are repaid and new loans are made – SOIL NC is a significant and powerful new resource to strengthen the local food system in North Carolina.
On July 10, 2017, the SOIL NC Fund was pleased to announce the first four loans (3 for $5000, and 1 for $6000) to these deserving small food business owners!
• Carly Erickson, owner/creator of Boro Beverages – a Kombucha business in Durham, NC
• Hadassah Patterson, owner/creator of Triangle Gluten Free – a gluten-free catering business in Chapel Hill, NC
• Amanda Carter, owner/operator of Cool Hand Meats, a clean meat processing plant in Marion, NC
• Greg Lewis, owner/operator of 39 West Catering – a farm-to-table catering business in Pittsboro, NC
How can you contribute to the SOIL NC Fund?
There’s two options:
1. To make an online donation please use the bottom DONATE button on this page. Please consider a sustaining donation to help us grow this important fund!
2. We welcome your check made out to SOIL NC to save on the Paypal fees. You can mail your check to Slow Money NC c/o Carol Hewitt, 424 Johnny Burke Rd., Pittsboro, NC 27312, and we will make sure it gets into the SOIL Fund.
If you would like to learn more about SOIL NC, please email Carol Hewitt.
How can you apply for loan from the SOIL NC Fund?
Fill out this Borrower Information Form, and mention you would like to be considered for a SOIL NC Fund loan.
The Slow Money NC back story….
Since June, 2010 nearly $4 million has been invested in over 100 local and organic food enterprises in North Carolina through the Slow Money NC network, primarily via direct peer-to-peer low-interest loans and equity investments!
This is just a portion of the national Slow Money movement’s projects totaling over $50M. And it’s an excellent start.
But hey, we said to ourselves…maybe we could do so much more!
Enter SOIL NC “Slow Opportunities for Investing Locally in North Carolina.”
In 2017, in order to have even more impact and to help more farmers and local food enterprises – we created SOIL NC. Many people had asked – can’t we just GIVE you the money and you make the loans? Yes, now you can!
Our goal for Spring 2018 is to raise 30k and give out another rounds of loans – and to do that again in the fall.
In 2019 we’ll aim for $100k, then $150k.
There is a steady stream of projects to fund, and so many eaters to feed – so why not?
Carly Erickson, Owner Extraordinaire of Boro Beverage!