The CommunityWorks MicroBusiness Loan Program helped Travelers Rest’s Swamp Rabbit Smoothies, Greenville Network Care, and Anderson’s A Night Out open their doors, and aided in the expansion of operations of Greenville-based PremierePC and Spartanburg’s The Garden Gate.
CW provided $135,000 in business coaching and loans to the five Upstate businesses.
“We believe microbusinesses are the backbone of our economy,” said Deborah McKetty, CEO of CommunityWorks, in a news release. “For example, if just one of every three hired a single employee, the entire U.S. would be employed. A win for them is a win for us. We hope that the community will join us in celebrating June as Microenterprise Development Month.”
According to a news release, microbusinesses have five or fewer employees, but the business type employs over 41.3 million people nationally.
With CW’s support, these five businesses were able to create seven new jobs.
Including this year, CW’s Microbusiness programs have provided loans totaling $255,000 and have created more than 33 jobs.
Additionally, CW works as a SBA and USDA lender and accepts applications for loans up to $50,000 for both startup and existing businesses in the Upstate.
The company also works with community partners to aid microbusinesses that are unable to receive financing through traditional sources and helps to grow these businesses through capital and training support.
For more information, visit communityworkscarolinaorg.
