The following is SCORE Chapel Hill Durham's roster of Alternate Lender Possibilities for consideration when traditional lending resources are unavailable.
Carolina Small Business Development Fund (NC statewide, based in Raleigh)
“The Carolina Small Business Development Fund is a statewide Community Development Financial Institution. We are an approved lender for the SBA, USDA/FSA & USDOT Guarantee Loan Programs. We lend to start-ups and existing businesses across the state, with emphasis on businesses that have difficulty accessing financing through traditional lending sources”.
Aurelian Commercial Lending (National, based in Michigan)
“Aurelian has created a special program to provide start-up businesses, small businesses, and real estate investors unsecured capital of $50,000-$150,000 based primarily on the applicants good personal credit. This capital can be used for any purpose and since it is a line of credit it can be used over and over”. They do secured loans also.
“Financing North Carolina's sustainable food and farming economy.” They make loans to some farmers and food entrepreneurs.
Self Help Credit Union (Durham and other locations)
They make general business loans on their own and via SBA programs including 504. Their various other loan programs include rural development, child care providers, commercial real estate, and environmental sustainability. They may be more receptive to relatively small loan amounts (under $35K) and perhaps startups than many commercial banks. Non-profits are eligible for some of their programs. They are designated by the SBA as the only SBA Microloan Program intermediary in central and eastern North Carolina (up to $50K).
Other specialized financing alternatives accessible via the internet include crowd funding, donations, and innovation contests as noted in this Wall Street Journal article. Also see article from The New York Times on Asset-Based Lending (e.g. Factoring A/R), Lease-Back, Cash Advance from a bank with repayment by % of daily credit card receipts, Non-Bank Loans, and Peer-to Peer Lending (e.g. Lending Club). The NYT Small Business Resource Center has many other good articles as well as current news on small business subjects.