Investing in Impact

How CSBDF’s small business lending drives jobs, payroll earnings, and tax revenue across North Carolina

Executive Summary

CSBDF’s lending generates meaningful and measurable economic value for communities across North Carolina. Using IMPLAN economic modeling software, this report estimates the economic impacts of CSBDF’s small business loans during fiscal years 2024 and 2025, as well as the cumulative impact of CSBDF’s lending activity since 2011. The report’s findings show that CSBDF’s fiscal year 2025 lending supported more than 700 jobs, generated over $15 million in payroll earnings, and produced $4.5 million in new tax revenues for localities, the state of North Carolina, and the federal government. These impacts reflect not only the activities of CSBDF’s borrowers themselves, but also the ripple effects that extend through local supply chains and household spending across the state.

In addition to documenting the economic impacts of CSBDF’s lending, this report also demonstrates our leadership in applying economic modeling to evaluate the role of a small business-lending CDFI in regional economic development. By pairing loan data with a widely accepted approach for estimating economic impact, CSBDF provides investors, funders, and government partners with a clear picture of how CDFIs generate sustained economic activity over time.

This analysis underscores the long-term value of investing in CSBDF, showing that loans made years ago continue to generate jobs, earnings, and tax revenue today. It also positions CSBDF as a thought leader, advancing evidence-based impact measurement within the CDFI industry.

CSBDF_Economic_Impact_2026-Report_FINAL.pdf

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