# Mountain Community Capital Fund Operating Committee (In-person) (Aug 7, 2026)

**Body:** City of Asheville — Mountain Community Capital Fund
**Date:** August 7, 2026 9:00 AM EDT (2026-08-07T09:00:00-04:00)
**Location:** 70 Court Plaza, Asheville, NC 28801, USA - Fifth Floor Conference Room

**Link:** https://sunshinemeetings.org/event/2868

## Summary

The upcoming Mountain Community Capital Fund Operating Committee meeting on August 7th will center around loan decisions and ongoing operational improvements for a fund that supports small businesses in Asheville and surrounding areas. The committee will be voting on four new loan applications, which could impact businesses seeking capital to grow or start up. They will also be reviewing proposed changes to the fund's rules of procedure, which govern how it operates and who is eligible for assistance.

A key decision expected is the formal adoption of revised rules, potentially impacting eligibility requirements and how loan decisions are made. The committee will also discuss updates on several initiatives, including a transition of the fund's custodian role and exploring adding a new lender. Finally, they will outline next steps for developing a strategic direction for the fund, which could shape its future priorities and impact on the community.

For those interested in local business development or how public funds are utilized, this meeting provides a valuable opportunity to understand the fund's operations and potential impact. The meeting will be held in person, and further details can be found on the Mountain Community Capital Fund webpage.

## Agenda

- [Call to Order](https://sunshinemeetings.org/event/2868/item/18750)
- [Approval of the June 05, 2026 Minutes](https://sunshinemeetings.org/event/2868/item/18751)
- [Rules of Procedure](https://sunshinemeetings.org/event/2868/item/18752)
- [Data and Reporting Overview](https://sunshinemeetings.org/event/2868/item/18753)
- [New Loan Request #1](https://sunshinemeetings.org/event/2868/item/18754)
- [New Loan Request #2](https://sunshinemeetings.org/event/2868/item/18755)
- [New Loan Request #3](https://sunshinemeetings.org/event/2868/item/18756)
- [New Loan Request #4](https://sunshinemeetings.org/event/2868/item/18757)
- [Staff and Member Updates](https://sunshinemeetings.org/event/2868/item/18758)
- [Public Comment](https://sunshinemeetings.org/event/2868/item/18759)
- [Adjourned](https://sunshinemeetings.org/event/2868/item/18760)

## Votes

- Motion to approve the June 05, 2026 minutes. — Passed, 6-0
- Motion to approve New Loan Request #1. — Passed, 6-0
- Motion to approve New Loan Request #2. — Passed, 4-2
- Motion to approve New Loan Request #3. — Passed, 6-0
- Motion to approve New Loan Request #4. — Passed, 5-1

## Documents

- [Loan Request #4 Materials.pdf](https://sunshinemeetings.org/event/2868?document=11738)
- [Loan Request #2 Materials.pdf](https://sunshinemeetings.org/event/2868?document=11736)
- [Monthly Report Spreadsheet](https://sunshinemeetings.org/event/2868?document=11733)
- [Next Steps](https://sunshinemeetings.org/event/2868?document=11740)
- [Strategic Direction Summary](https://sunshinemeetings.org/event/2868?document=11739)
- [Minutes – June 05, 2026.pdf](https://sunshinemeetings.org/event/2868?document=11731)
- [ Loan Request #3 Materials.pdf](https://sunshinemeetings.org/event/2868?document=11737)
- [Rules of Procedure.pdf](https://sunshinemeetings.org/event/2868?document=11732)
- [Loan Request #1 Materials.pdf](https://sunshinemeetings.org/event/2868?document=11735)
- [agenda_2026-08-07.pdf](https://sunshinemeetings.org/event/2868?document=11741)
- [Monthly Report PDF.pdf](https://sunshinemeetings.org/event/2868?document=11734)
- [minutes_2026-08-07.pdf](https://sunshinemeetings.org/event/2868?document=13174)

## Sources

- [City of Asheville WordPress](https://www.ashevillenc.gov/government/meetings/mountain-community-capital-fund-operating-committee-in-person-aug-7-2026/)