The Numbers
Almost 87 percent of businesses in North Carolina have fewer than 20 employees. Those businesses account for 17 percent of all employment within the state.
Since 2010, Carolina Small Business has funded 684 loans, totaling $56.4 million, which have in turn helped create or retain 2,423 jobs in communities across the state.
We have also provided over 3,000 entrepreneurs with business coaching, one-on-one technical assistance, training, and business education.
What that Means for NC
These “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.
They create jobs, generate community wealth, and support supply chains for larger businesses.
The workers they employ spend on goods and services locally, save for their futures, and pay taxes that generate revenue to support our publicly funded programs and services.