For Cody T. McCain Sr., opening a funeral home has been a lifelong dream, nurtured from the time he was a 4-year-old attending his great-great uncle’s funeral and fascinated by the ceremony and service. By age 8, McCain’s interest in the funerary process had taken hold, and he worked diligently toward his goal. He graduated…
For Edmund Washington, being an entrepreneur is a dream come true. “I got a late start to it, but I always wanted to own my own business,” says Edmund, owner of two locations of the franchise, No Grease, a men’s luxury barbershop, in the Greater Charlotte area of North Carolina. Becoming an entrepreneur was inevitable for…
Joining a 17-state program increasing investment in local communities, Community Fund of North Miami Dade (CFNMD), a subsidiary of the Opa-Locka Community Development Corporation (OLCDC), is partnering with CornerSquare Community Capital to make an even greater impact for small businesses in Miami-Dade, Broward, and Palm Beach Counties. Through this partnership, CFNMD has increased their lending…
Joining a 17-state program increasing investment in local communities, Community Fund of North Miami Dade (CFNMD), a subsidiary of the Opa-Locka Community Development Corporation (OLCDC), is partnering with CornerSquare Community Capital to make an even greater impact for small businesses in Miami-Dade, Broward, and Palm Beach Counties. Through this partnership, CFNMD has increased their lending…
North Carolina, July 30, 2021: Joining a 17-state program increasing investment in local communities, Business Expansion Funding Corporation (BEFCOR) is partnering with CornerSquare Community Capital to make an even greater impact for small businesses in North Carolina. BEFCOR has been North Carolina’s top producer of the Small Business Administration’s 504 loan program for nine years…
Jill Hendrick of Pineville, West Virginia, says that entrepreneurship is in her blood. “My grandmother opened the first flower shop in Wyoming County in 1948,” she says. “I haven’t researched it, but I’d bet that she was one of the first women in the county to have a business license.” In addition to running the…
CornerSquare Community Capital, launched Wednesday by the NC Rural Center and Truist, is a new $40 million nonprofit fund to support entrepreneurs of color, women, and low-to-moderate (LMI) income communities and individuals. “We’re thrilled to expand our partnership with Truist on this innovative program to help underserved small businesses with their single largest need – operating…
Truist Financial announced a $40 million initial donation to help establish CornerSquare Community Capital, a new multistate fund formed by the nonprofit N.C. Rural Center based in Raleigh. CornerSquare will support selected community development financial institutions (CDFIs) by purchasing 25% loan participations. All of the funding will be directed to racially and ethnically diverse small…
Truist Financial in Charlotte, N.C., has committed $40 million to help establish a new nonprofit loan fund intended to support diverse and women-owned businesses, with a particular focus on Black-owned small businesses. The loan fund, CornerSquare Community Capital, will support community development financial institutions by purchasing 25% loan participations. Doing so essentially frees up capital…
Truist Financial Corp. is donating $40 million to launch a nonprofit fund that supports undeserved communities. CornerSquare Community Capital is a new national fund that will work with community development financial institutions, or CDFIs, to help minority-and women-owned businesses. The businesses – which include small enterprise and microbusinesses- are in low-to moderate-income areas, primarily in…