CSBDF's offices are temporarily closed to comply with NC's Phase 2.5 re-opening guidelines. All staff are available to help via phone and email.

How to Apply

Thank you for your interest in our affordable financing products. The economic effects of the COVID-19 pandemic on small business ecosystems are unprecedented. Carolina Small Business Development Fund has carefully evaluated the expected effects of the current recession and projected forecast for North Carolina’s economic recovery. Due to high levels of current uncertainty, we are currently only accepting loan applications from firms that have been in operation and generating revenue for at least 3 years as of March 1, 2020. 

Our goal in making this temporary change is to ensure that we are consistent with our mission to promote sustainable community economic development. All financing comes with risk, and we want to ensure we do not cause unintended harm to the small business community. We will continue to monitor the economic situation and, when prudent, look forward to resuming lending operations for startup enterprises.

Thank you for your understanding. You can always visit our FAQs page on our website to address some of the questions you may have.

For businesses operating for at least three years:

Micro Loan (< $50,000)

  • Business and Affiliate(s) Tax Returns – most recent 1 year
  • Interim Income Statement – within 90 days
  • Interim Balance Sheet – within 90 days
  • Debt Schedule – Current
  • Financial Projections – Must include assumptions to projections

 Conventional Business Loan (> $50,000)

  • Business and Affiliate(s) Tax Returns – most recent 3 years
  • Interim Income Statement – within 90 days
  • Interim Balance Sheet – within 90 days
  • Debt Schedule – Current
  • Financial Projections – Must include assumptions to projections
  • Accounts Receivable and Accounts Payable Aging Report – within 90 days

Thanks to Carolina Small Business, I have the resources I need to grow my business and I am comfortable knowing I have a resource helping me. Carolina Small Business is a part of my journey and challenges me to build my weak areas and helps me to build my account finances.

- Jimmy Price, A Step Above Cleaning Service

Success Stories

One of the most rewarding things about working at the Carolina Small Business Development Fund is being able to see people realize their dreams.

Read Stories