Announcing a new, innovative resource for the CDFI sector

CornerSquare Community Capital, launched by the NC Rural Center and Truist, the bank that emerged from the BB&T and SunTrust merger, is a new resource for the CDFI sector. Through this innovative program, 100 percent of the funding will be allocated to racially and ethnically diverse small-business owners, women, and individuals in low- and moderate-income communities, with a focus on African American-owned small businesses.

Increasing CDFI Capacity

Modeled after the NC Rural Center’s Loan Participation Program, CornerSquare Community Capital will be a long-term, sustainable solution to support CDFIs working with small businesses at the local level. By purchasing a portion of loans made by a CDFI to historically underserved entrepreneurs, CornerSquare will enable the participating CDFIs to increase their lending capacity with their existing capital, ultimately expanding their reach and support to more small businesses in their operating areas. Participating CDFIs should see their own capacity increase by at least 25 percent in the coming years as a direct result of this program.

Storefronts in downtown Siler City, North Carolina on a sunny afternoon.

Participating CDFIS

If you are a small business looking for a loan right now, please apply directly with one of our partner CDFIs.

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Communities We Serve

CornerSquare Community Capital will initially focus on CDFIs located in Truist’s geographic footprint, which includes the following:

  • North Carolina (NCIFund)
  • South Carolina (LiftFund, NCIFund)
  • Virginia (NCIFund, WACIF)
  • Maryland (NCIFund, WACIF)
  • West Virginia (NCIFund)
  • Kentucky (LiftFund, NCIFund)
  • Tennessee (LiftFund, NCIFund, Pathway Lending)
  • Georgia (ACE, LiftFund, NCIFund)
  • Florida (BBIF, LiftFund)
  • Alabama (LiftFund, Pathway Lending)
  • Indiana
  • Texas (LiftFund)
  • New Jersey
  • Ohio (NCIFund)
  • Pennsylvania
  • Arkansas (LiftFund)
  • Mississippi (LiftFund)
  • Washington D.C. (WACIF)

Funders

Truist
Truist Foundation

CornerSquare Community Capital is made possible by the generous support of the Truist Foundation and the Truist Charitable Fund, a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.

Interested in partnering with CornerSquare?