RALEIGH – The second round of the Paycheck Protection Program (PPP) is targeting small businesses struggling to stay afloat during the coronavirus crisis. But money is running out fast, according to the latest data.
However, there’s another lifeline for local entrepreneurs struggling to stay afloat: crowdfunding.
CrowdfundNC has launched the COVID-19 Revenue Share, with the aim of empowering North Carolina’s communities to invest in their local mom-and-pop shops during this pandemic.
“Local small food and beverage businesses have been among [those] to be hit the hardest,” said William McGuire, CrowdfundNC’s chief crowdfunding officer. “We think this program could help some businesses.”