Learn More about CDFI's and Small Business Resources in North Carolina see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
CAHEC New Markets, LLC
Chatham-Lee Credit Union
College Heights Credit Union
Lumbee Tribe of North Carolina
MAY Coalition, Inc.
Metropolitan Community Credit Union
School Workers Federal Credit Union
Self-Help Credit Union
Self-Help Ventures Fund
South East Community Credit Union
St. Luke Credit Union
Tri County Credit Union
Victory- Masonic Mutual Credit Union
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.