Business funding has long been a pain point for both aspiring and working entrepreneurs. Founded in 1990, the Carolina Small Business Development Fund (CSBDF) was designed to create economic opportunity across North Carolina by providing small businesses with access to capital. With a variety of programs tailored to different business owners, CBR is excited to present a mini-series that will outline the various funding options provided by the CSBDF!
Let’s start by looking at a few of their special initiatives.
The Wells Fargo Small Business: Diverse Community Capital Program
In late 2015, Wells Fargo launched the Small Business: Diverse Community Capital program which gives access to over $50 million in loans and $25 million in grants (that’s $75 million total!) to organizations like (and including) the CSBDF. With a primary focus on African-American small business owners, these funds enable the CSBDF to provide both funding and development resources to diverse business owners.
The African-American Small Business Loan Fund
A program designed by the CSBDF, the African-American Small Business Loan Fund provides capital opportunities for African-American business owners in North Carolina. Exclusively offered through the CSBDF, this program aims to help African-American business owners grow and sustain their businesses.
Don’t qualify? Don’t worry! The Carolina Small Business Development Fund has a variety of programs to help small business owners succeed and flourish. We’ll talk more about these programs during our series, and you can learn more about their services by visiting them online at carolinasmallbusiness.org.
Do you have questions about funding options for your business? Tweet us at @CBRbiz!