NC06 Stories and Data

NC06 Stories

Tavares James
Revitalizing Neighborhoods and Providing Senior Housing in Charlotte
Mechanics and Farmers Bank
Tiny Houses, Big Impact: Coram Houses’ Vision for Affordable Housing

NC06 Fact Sheet

CDFIs provide access to capital for individuals who more traditional financial institutions would otherwise deny. The capital provided allows them to sustain or scale their business.

-Christopher Capel, Aspire Community Capital, Charlotte, NC

CDFIs (Community Development Financial Institutions) are essential for ensuring access to capital in underserved communities. These institutions are not just important; they are vital to the small business ecosystem and represent significant assets for our local and national economies. By supporting underserved entrepreneurs, we actively create opportunities for all and empower individuals to achieve the American dream of growth and prosperity.

-Manuel Campbell, ASPIRE Community Capital, Charlotte, NC

We have seen thousands of businesses receive grants and loans through CDFIs that have gone on to become successful businesses, contributing significantly to their local economies. Most of these businesses would not have received this capital from other financial institutions, so without this CDFI funding these thousands of businesses would not have been started or would have run out of initial funding before hitting the critical mass necessary to be successful. It means thousands of businesses, employers and employees are now gainfully employed, contributing to the economy and paying taxes that otherwise would not have happened.

-Daniel Posse, LoanWell, Durham, NC

Map of NC06 CDFI Branches and Stories