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Carolina Small Business launches statewide technical assistance program for small businesses in North Carolina

July 14, 2016 / Janice Rojas / Company News, News, Press Releases

Media Contact:

Janice Rojas
Carolina Small Business Development Fund
Phone: (919) 803-1437 ext. 232
Email: jrojas@carolinasmallbusiness.org
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NC Small Business Lender Launches Statewide Technical Assistance Program that Address Key Challenges Facing Small Businesses


RALEIGH, N.C.
(July 14, 2016) — Carolina Small Business Development Fund announces the launch of a statewide specialized technical assistance program designed to provide education, business coaching and assistance to small businesses in the state of North Carolina.

This technical assistance program, Carolina Small Business Capital Acquisition Requires Education Seminars (Carolina Small Business CARES), is designed to address four common needs and challenges that small businesses face, including: credit worthiness, insufficient equity, lack of collateral and need for business skills. Through this program, start-ups and existing small businesses are able to receive one-one-one assistance, in-depth business coaching, and educational opportunities. The goal of this program is to help grow sustainable businesses that will make a significant economic impact in their communities.

“We have identified that start-ups and existing small business need resources, aside from capital, to succeed. Through the Carolina Small Business CARES program, small businesses are not alone. We will face their challenges with them and make sure they succeed and reach their goals,” said Lenwood V. Long, Sr., President and CEO of Carolina Small Business Development Fund. “We designed this program because we see the impact that successful small businesses have in the state economy.”

The Carolina Small Business CARES program aims to assist small business owners at all stages, from completing the loan application process to providing the right resources upon loan closing to help small business owners succeed. Carolina Small Business will also work with existing borrowers to help them with any form of technical assistance or training on a range of topics such as financial management, marketing and more.

“Carolina Small Business has always partnered with small businesses to provide the growth capital they need,” said Joe Battle, Business Service Director of Carolina Small Business Development Fund. “Carolina Small Business CARES will enable us to provide the extra support that small businesses in the state need to ensure their ongoing success.”

Throughout its history, Carolina Small Business has intentionally focused on supporting small businesses owned by diverse populations. In May 2016, Carolina Small Business was awarded with $1 million in lending capital from Wells Fargo as part of their Wells Fargo Works for Small Business®: Diverse Community Capital (DCC) program. These funds will go directly to funding loans and providing technical assistance to small businesses through the Carolina Small Business CARES program.

The goal of this program is to increase the number of African Americans, veteran and Latino-owned businesses that qualify for a loan by addressing credit profile issues that otherwise would be a barrier in accessing capital. The Carolina Small Business CARES program addresses these challenges and provides a solution to these small businesses and entrepreneurs.

To participate in the Carolina Small Business CARES program, you can do the following:

  1. Apply for a loan with Carolina Small Business by visiting carolinasmallbusiness.org/loans/apply-now/
  2. Request one-on-one technical assistance by completing a Request for Counseling form online at carolinasmallbusiness.org/contact/request-for-counseling/
  3. Attend an educational event by visiting carolinasmallbusiness.org/events

For more information regarding this program, please contact Joe Battle, Business Service Director, Carolina Small Business Development Fund or email services@carolinasmallbusiness.org. You may also visit carolinasmallbusiness.org/csbcares.

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About Carolina Small Business Development Fund

Carolina Small Business Development Fund, formally known as The Support Center, has a mission to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. Since 2010, Carolina Small Business has invested more than $30 million through 449 loans to small businesses across North Carolina helping to create or retain more than 1,018 jobs. www.carolinasmallbusiness.org

For more information about Carolina Small Business, please contact Marketing and Communications Associate, Janice Rojas at 919.803-1437 ext. 232 or jrojas@carolinasmallbusiness.org.