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i <br /> 14 <br /> co Business Loan Small <br /> Programs E- Z*21 <br /> � Grant <br /> • Orange County's Small Business Loan Program has 14 active term loans <br /> totaling $621,000.00 in approvals & $516,562.00 in debt outstanding, <br /> with 4 Chapel Hill-based small business loan recipients comprising 27% of <br /> the total. (SandwHich Restaurant, Flawless Day Spa, Gray Matter Group & <br /> ISA Counseling). <br /> • The Small Business Investment Grant Program has awarded 51 total <br /> grants totaling $314,215.00 from 6/31/15 to 3/31/16. Chapel Hill-based <br /> small businesses accounted for 29 of these grants (56% of total). <br /> • Both financial assistance programs are funded by the 1/4 cent sales tax <br /> proceeds to support economic development (called Article 46 funds). <br /> Updated as of: May 23, 2016 <br />