An 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 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 Black-owned small businesses.

Increasing CDFI Capacity

Modeled after the NC Rural Center’s Loan Participation Program, CornerSquare Community Capital is 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 enables 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.

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.

Participating CDFIS

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

Interested in partnering with CornerSquare?