Piedmont Business Capital

Piedmont Business Capital - Executive Director

“We create shared economic prosperity through equitable lending and investment.”

THE ORGANIZATION

In 1992 the Greensboro Venture Capital Fund formed directly after national unrest related to the Riots in South Central Los Angeles. The goal of the fund at the time was to redirect economic opportunities toward the African American population in Greensboro, NC to scale neighborhood outcomes from poverty to prosperity; access to capital for entrepreneurs being the key activator. In 2011, an application to the Department of Treasury was submitted and awarded for certification as a Community Development Financial Institution and became the Greensboro Community Development Fund.

In 2016, Greensboro Community Development Fund sought a new vision to implement a strategic plan that would scale the company for regional impact and in 2018 was renamed Piedmont Business Capital (PBC). With foundational relationships in the City of Greensboro, PBC was to access capital from foundations and partners to launch an office in Winston-Salem, NC.

With total assets of $2.5 million, PBC lends broadly across the region with <$100,000 loans for businesses unable to fund their companies with traditional means of acquiring capital. Our passion is being a catalyst for local, impactful, and sustainable businesses, especially in rural, urban, and minority communities.