Small businesses owned by women or minorities that contract with the U.S. Department of Transportation soon will have access to a new form of financing for building projects.
A Durham-based community development financial institution is inviting small businesses with DOT contracts to apply for loans of up to $250,000 on its web site.
The Support Center is the only statewide lender for DOT contractors. It can make loans to small businesses certified to work on federally funded DOT projects and in operation for at least three years.
Projects can include road and bridge maintenance, new construction or other DOT projects.