Carolina Small Business helps small businesses succeed by providing access to affordable capital, guidance and tools for entrepreneurs to achieve success, and a voice for the needs of small businesses.
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 566 loans, totaling $40.6 million, which have in turn helped create or retain 1,829 jobs in communities across the state.
We have also provided over 3,000 entrepreneurs with business coaching, one-on-one technical assistance, training, and business education.
What that Means for NC
These “Main Street” businesses—shops, restaurants, service providers, and others—are the economic engines of healthy communities.
They create jobs, generate community wealth, and support supply chains for larger businesses.
The workers they employ spend on goods and services locally, save for their futures, and pay taxes that generate revenue to support our publicly funded programs and services.
Regions at a Glance
North West7 Loans$.5 Million5 Jobs
Piedmont Triad40 Loans$3.2 Million66 Jobs
North Central207 Loans$14.2 Million841 Jobs
North East43 Loans$3 Million105 Jobs
South East38 Loans$3.1 Million79 Jobs
Sandhills35 Loans$2.8 Million97 Jobs
South West96 Loans$7.1 Million349 Jobs
Western92 Loans$6.4 Million284 Jobs
Policy and Research
Carolina Small Business provides timely research on the broader economic impact that our small business lending programs and community development work. This analysis helps put forth thoughtful policy recommendations to strengthen our state’s economy.
The mission of the Western Women’s Business Center is to provide capital, high quality technical assistance, and programs that reduce barriers and serve as a catalyst to the success of women entrepreneurs in Western North Carolina.