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 698 loans, totaling $57.6 million, which have in turn helped create or retain 2,538 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 West11 Loans$1.0 Million20 Jobs
Piedmont Triad52 Loans$4.0 Million142 Jobs
North Central241 Loans$17.6 Million989 Jobs
North East57 Loans$4.3 Million149 Jobs
South East65 Loans$6.4 Million242 Jobs
Sandhills44 Loans$5.4 Million189 Jobs
South West120 Loans$9.4 Million468 Jobs
Western108 Loans$9.4 Million339 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.