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Our Story.

Carolina Small Business Development Fund (CSBDF) is guided by the belief that when small businesses succeed, everyone benefits. When we first opened our doors in 1990 as the North Carolina Minority Support Center, we were providing technical assistance to financial institutions and entrepreneurs, and in our first 20 years of service to our state, we administered millions of dollars in grants to help address the needs of unserved and underserved people and communities. When the financial crisis of 2008 threatened Main Street firms across our state and nation, our leadership knew that we were in the position to not only double down on our work serving underserved communities, but to expand our services as well. We ushered in a new era for our work in 2011, when we made our first loan to a North Carolina small business, and eventually became a certified Community Development Financial Institution (CDFI) in 2013. In the wake of the COVID-19 pandemic’s economic aftershocks, we doubled down once again and expanded our services to ensure that our state’s small businesses could succeed, and the communities they serve would benefit. Throughout our 32-year history, we have met entrepreneurs at the crossroads of hardship and opportunity—and we will continue to light the way forward for whatever comes next.

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Our Team

Our team brings a high level of competency, professionalism, dedication, and vision. The extraordinary passion the team brings for quality and excellence is reflected in all of the services we offer.

Our Board

We have assembled a diverse and highly skilled board of directors with varying experiences that will significantly aid in achieving our mission to promote, create, and protect economic opportunity for everyone.

Our Vision

To create economic opportunity for all people.

Our Mission

To foster economic development in underserved communities by providing capital, technical assistance, and policy research to light the way for small businesses.

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A partner for 

small business 

in the Carolinas.

A trusted

business guide.

A small business advocate.

An accessible

funding resource.

MEET OUR BOARD

MEET THE BOARD

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Paulette Dillard, Ph.D.

CSBDF Governance, Executive Committees, Board Chairperson

President

Shaw University

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Ted Archer

CSBDF Governance, Executive, Board Vice-Chair

Vice President & Head of Small Business Forward

JPMorgan Chase & Co.

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Tiffany McNeill

CSBDF Policy & Research Chair

Economic Development Director 

Town of Fuquay-Varina

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Nancy Stroud

CSBDF Board Secretary, Executive, and Credit Committees

Bank of America Executive (retired)

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Frank Pollock

CSBDF Business Solutions Committee

President

TPG Consulting

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Bobby Robinson

CSBDF Governance Chair; Business Solutions Committee

Member

Nexsen Pruet

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Jeffrey Hastings

CSBDF Budget/Finance and Credit Committees

Senior Vice-President & Senior Business Services Officer

Truist Bank

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Rodrick Banks

CSBDF Policy & Research Committee

Vice President, Senior Community Relations Consultant Charlotte and Western Atlantic 

Wells Fargo

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Larry Garcia

CSBDF Credit, Business Solutions Committees

Chief Lending and Asset Management Officer,

National Association for Latino Community Asset Builders (NALCAB) 

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Grace L. Nystrum

CSBDF Governance Committee

Senior Vice President, Strategic Marketing Executive

Bank of America

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Joseph L. Fox, Ed.D., M.B.A., PHR

CSBDF Business Solutions Committee

Fox Management Consulting Enterprises, LLC

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Huntley Garriott

CSBDF Finance Committee 

President

Live Oak Bank

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Aaron Thomas

CSBDF Board Member

President

Metcon, Inc.

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Pilar Rocha-Goldberg

CSBDF Board Member

President and CEO

El Centro Hispano, Inc.

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Stephen Dille

CSBDF Board Member

Vice President of Finance and Administration

The Carolina Center for Medical Excellence

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Merrill Flood

CSBDF Board Member

Director, Millennial Campus Planning & Local Community Affairs

East Carolina University

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Jeff Marshall

CSBDF Board Member

Senior Vice President, Commercial Banking

TowneBank

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Leslie Person

CSBDF Board Member

Senior Vice President

Pinnacle Financial Partners

MEET OUR TEAM
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