Unlocking the Growth Potential of Small Businesses with Carolina Small Business Development Fund
Small businesses are an integral part of our economy, creating jobs, driving innovation, and contributing to the overall well-being of our communities. However, many small businesses struggle to access the resources and support they need to grow and thrive. That’s where Carolina Small Business Development Fund (CSBDF) comes in. CSBDF is a nonprofit lender and business assistance provider that helps small businesses in North Carolina, South Carolina, and Virginia access the capital and expertise they need to succeed.
CSBDF offers a range of services to support small businesses, including loans, training, technical assistance, and access to capital. Since its founding in 2010, the organization has disbursed over $52 million in loans to small businesses and helped create or retain over 3,000 jobs.
One of the key ways that CSBDF supports small businesses is through its lending program. CSBDF offers a variety of loan products, including working capital loans, equipment loans, and real estate loans. The organization works with small businesses at every stage of growth, from startups to established companies looking to expand. CSBDF also offers loans to underserved communities, including women-owned and minority-owned businesses.
In addition to financing, CSBDF provides small businesses with technical assistance and training to help them develop the skills and knowledge they need to succeed. This includes workshops, webinars, and one-on-one counseling sessions on topics such as financial management, marketing, and business planning.
One example of a small business that has benefited from CSBDF’s support is Durham-based company, Chirba Chirba Dumpling. Chirba Chirba began as a food truck in 2010 and has since expanded to include a brick-and-mortar restaurant and a catering business. However, the company faced challenges in accessing the capital it needed to grow. Through CSBDF’s lending program, Chirba Chirba was able to secure a loan to purchase new kitchen equipment and expand its catering business. CSBDF also provided the company with technical assistance and training, helping the owners develop a business plan and financial projections.
Overall, CSBDF plays an important role in unlocking the growth potential of small businesses in North Carolina, South Carolina, and Virginia. By providing access to capital, technical assistance, and training, CSBDF helps small businesses overcome the challenges they face and build a strong foundation for success. If you’re a small business owner looking to grow and thrive, consider reaching out to CSBDF to see how they can help turn your business dreams into reality.
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