Mo’ money: Mountain BizWorks gets funding boost

Local microlender and business-consulting nonprofit Mountain BizWorks has received $750,000 in microloan financing from the U.S. Small Business Administration.

“I’m really grateful for the investment from the SBA,” commented Mountain BizWorks CEO Greg Walker-Wilson, “because it will allow us to make a minimum of 30 loans to small businesses that would not qualify for traditional bank financing.”

Under the SBA microloan program, Mountain BizWorks will consider small business loan applications in amounts up to $35,000 for very small businesses, or microenterprises, of five employees or less.  Mountain BizWorks has provided microloans from federal, state and other sources to small businesses for nearly 18 years.

“The SBA is pleased once again to be of assistance to Mountain BizWorks,” said Lee Cornelison, District Director for the SBA office in Charlotte. For the last five years, the SBA has provided funding to Mountain BizWorks under its PRIME program to enable Mountain BizWorks to counsel low-income entrepreneurs. For nearly three years, Mountain BizWorks has operated the SBA Women’s Business Center, also made possible with SBA funding, to provide counseling and training to women entrepreneurs.

Persons interested in applying for the microloans should contact Mountain BizWorks in Asheville at 253-2834, ext. 16, or visit the organization’s Web site at

— Hal L. Millard, staff writer


Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.