Carolina community impact INC.

Federal Project Grant Award Summary

Carolina Community Impact, Inc. received a $205,235 Project Grant from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025 through June 30, 2026. As a Community Development Financial Institution (CDFI) based in Raleigh, North Carolina, the organization will utilize this funding to provide marketing, management, and technical assistance services to prospective and current microborrowers, as well as support for intermediary lender staff training and development.

Under the Microloan Program, Carolina Community Impact, Inc. serves as an intermediary lender that originates microloans of up to $50,000 to startup, newly established, and growing small businesses in underserved communities. The grant funding specifically supports the organization's capacity to deliver comprehensive business development services including technical assistance, business coaching, and mentoring to minority-owned, women-owned, and low-income entrepreneurs who lack access to traditional credit. Eligible loan uses supported through this intermediary include working capital, inventory, supplies, furniture, fixtures, machinery, and equipment.