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How to Apply

Step 1

loan Application: Step 1

Are you currently under a bankruptcy plan or have you been discharged or dismissed from bankruptcy in the last 24 months?
Yes No

Do you have any existing tax liens or debt that are NOT currently under an approved repayment plan with the IRS?
Yes No

Do you have any federal student loans that are in the delinquent status?
Yes No

If this is a business that has been generating revenue for less than one year - do you have any other source of income outside of the business (employment, spousal salary, rental income, retirement income, etc?)
Yes No

Welcome to Carolina Small Business Development Fund - we are excited to help you navigate through the lending process. You have two options:

  • Complete a PAPER APPLICATION submit it along with the required documentation to epalmquist@carolinasmallbusiness.org
    We may request additional information or documentation following the review of the application.
  • Complete the Online Application by using the icon link below

We highly recommend working with your local Business Development Officer to provide support helping you with the best opportunity for lending options.

Please select a county for the assigned Business Development Officer. Write down his or her information for your records.

Online Application Download Paper Application

Thank you for expressing interest in a business loan from Carolina Small Business Development Fund.

Before you submit your loan application, we’d like to work with you through the challenges you’ve indicated in the pre-application form to put you on a path to loan readiness.

Click the Request for Counseling button to contact our Business Services team to learn how we can assist you and improve your eligibility for a loan

Request for Counseling

Required documentation for the application will include the following documents:

  • Copy of personal federal tax returns of most recent 3 years. Please submit for each principal. If applying for a microloan ($50,000 or less) only submit 1 year
  • Copy of business federal tax returns of most recent 3 years. Please submit for each principal. If applying for a Microloan ($50,000 or less) only submit 1 year.
  • Profit & Loss Statement covering this calendar year through the most recent full month and an accompanying Balance Sheet
  • Resume(s) of key management
  • Business Cash Flow Projections (covering the next 12-months of operations for existing businesses or the first year of operations for start-ups). Use of this template is not required. Projections in a different format are acceptable.

If you do not include all of these documents, your application will be incomplete. You will receive an email detailing which documents are still needed.

We are in the process of updating our online application.  During this process, you may experience issues with the online application. 

We recommend you complete the Paper Application (fillable-pdf)  but you have the option to complete the Online Application, if that is your preference. (You do not have to do both).


    • Complete the Online Application by using the icon link below

Please complete and submit the online application, following the icon link below.

Start Your Application
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