Loan Application Procedure
Companies interested in applying for any NCBC loan must first meet with BTD staff to:
- assess business needs;
- identify appropriate funding vehicles; and
- confirm eligibility
Following this meeting, eligible companies will be encouraged to consult the Application Guidelines for the desired loan program and submit a brief pre-proposal that outlines the project or activities for which funding is requested. Upon BTD review of the pre-proposal, companies will be encouraged to develop a complete proposal. The full proposal and accompanying materials (budget, certification letter, business plan, supporting documentation) must be reviewed by BTD staff before electronic submission.
Technology Enhancement Grant (TEG)
Company Inception Loan (CIL)
Candidate companies may approach the Biotechnology Center for the CIL either independently or through referral (ex. Academic technology transfer/licensing office, angel investor group, etc.).
SBIR Bridge Loan (RBL)
Small Business Research Loan (SRL)
Strategic Growth Loan (SGL)
Application Deadlines
TEG and CIL applications are accepted on a rolling basis following review by BTD staff. SRL, RBL and SGL applications must be approved by BTD staff and electronically submitted three (3) months prior to each quarterly NCBC Equity Investment Committee meeting, when these applications will be considered for approval.
Complete application must be approved by BTD staff and electronically submitted by: |
February 19, 2010 |
May 31, 2010 |
August 13, 2010 |
Due Diligence/Review
All loans are subject to thorough internal review and due diligence by BTD staff. Additionally, SRL and SGL loans are reviewed by external science and business professionals.
Contact Pamela Fincher at (919) 541-9366 with questions regarding the loan programs or to schedule a preliminary meeting.