Strategic Growth Loan (SGL)

About this program

The North Carolina Biotechnology Center offers Strategic Growth Loans of $350,000–$650,000 to North Carolina life sciences companies pursuing milestones that support follow-on equity investment or commercialization. Awards require an equal or greater matching investment from a qualified investor or syndicate and are structured as five-year, fixed-term balloon notes with favorable interest rates and an equity warrant. Eligible applicants must maintain a significant North Carolina operating presence, conduct commercially oriented life sciences research, development, or manufacturing, and demonstrate development traction, qualified management, a commercialization plan, and appropriate intellectual property rights. Applicants must first qualify through an invitation-only pre-application process and apply in quarterly cycles.