Coastal Women’s Ventures
Fostering a Community of Women’s Entrepreneurship
Coastal Women’s Ventures is a collaborative program with the Carolina Small Business Development Fund focused on creating and supporting small business opportunities for women entrepreneurs through business coaching, mentoring, small business education, and connecting participants to loan capital.
CWV is a collaborative program focused on:
small business education
loan capital assistance
Services provided by the program support the YWCA Lower Cape Fear’s mission to empower women through economic advancement. North Carolina has ranked third for the growth of women-owned businesses over the past two decades, but still, women entrepreneurs face unique challenges in accessing capital and other resources they need to establish successful businesses.
The Carolina Small Business Development Fund (CSBDF) is a statewide, non-profit and certified Community Development Financial Institution that fosters economic development in underserved communities by providing small business loans and financial training to start up and existing businesses. Similar initiatives have successfully launched by the CSBDF across the state. Coastal Women’s Ventures is the first of its kind in Southeastern North Carolina.
Was your small business impacted by Hurricane Florence? The Hurricane Florence Recovery Loan Program is specifically designed to assist small business owners whose operations were impacted by the storm in September 2018. We can help you through the recovery process by providing access to financial assistance & loans, local lending resources, technical assistance, and guidance through the application process.
- Business must document physical damage or economic injury resulting from Hurricane Florence and be located in an affected county.
- Business must have at least one employee (including the owner) or the business must use loan proceeds to make improvements to a commercial or residential property that will be occupied by a tenant displaced as a result of the disaster
- The proposed use of funds may not duplicate or overlap with other disaster relief programs; and will be limited to documented business expenses necessary for disaster repair, mitigation or operational expenses.
- Any individual with greater than 20% ownership in the affected business must cosign the loan. Only one loan per individual.
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