Carolina Small Busines is offering the Dream Big Small Business Competition to existing businesses looking for capital to expand and grow their business. The competition invites participants to apply to qualify for a loan and receive free professional services with CSBDF. Five finalists will be selected to participate in an online voting competition where the winner will receive full project financing and professional support services.
To qualify, the business must be:
- Located in North Carolina
- In operation and generating revenue for at least 12 months
How it Works:
- Submit the online loan application with CSBDF HERE by April 24, 2018 at 5pm EST.
- Limit one entry per person/business If a person is named as the principal owner (20% interest or greater) in more than one business plan, only the first application received will be considered for contest entry.
- Five finalists will be announced and contacted on or before May 7, 2018.
- During the voting period, May 14, 2018 through May 18, 2018, finalists can “campaign” for votes via social media using images, texts, hyperlinks to their business’ webpage, and any other means deemed appropriate. During the voting period, Carolina Small Business Development Fund will post a status update on Facebook approximately once per day, and tweet on Twitter approximately twice per day to promote and encourage voters.
- 1st place grand prize – 100% guaranteed project financing in the form of term debt in the name of the business.
- The 2nd and 3rd runner-up will receive packaged professional services to support business operations which may include technical support, marketing, branding, bookkeeping/accounting, legal counsel or other professional services.
- Prize redemption will be available to winners within 6 months of winner announcement.Actual/appraised value may differ at time of prize award. The specifics of the prize shall be solely determined by Carolina Small Business Development Fund. No cash or other prize substitution permitted except at Carolina Small Business Development Fund’s discretion.