Posted on June 13, 2023
CLIMB Fund Celebrates Juneteenth by Investing in Black-Owned Businesses
By Akua Page, CLIMB Fund Business Development Coordinator and Gullah Geechee social entrepreneur
With Juneteenth around the corner, we believe it’s important to remember what the holiday commemorates and how we can celebrate it, particularly within the world of small business.Read More
Posted on April 18, 2023
CLIMB Fund Announces $2.85 Million Grant from Treasury Department
This week the CLIMB Fund announced a $2.85 million award from the US Department of the Treasury’s Equitable Recovery Program (ERP). The CLIMB Fund is a not-for-profit Community Development Financial Institution (CDFI) that provides access to capital for disadvantaged entrepreneurs across all of South Carolina. The ERP award will allow the organization to deepen its focus and expand resources in the state’s most marginalized communities.Read More
Posted on March 01, 2023
Borrower Spotlight: Meet BuenaVista Information Systems
Find out how brothers Adrian and Andres Lorduy started their IT company, BuenaVista Information Systems, and how CLIMB Fund was able to help them with their funding needs! Watch here!Read More
Posted on February 24, 2023
CLIMB Fund Receives $10,000 Donation from First Capital Bank
We are happy to announce a $10,000 donation from First Capital Bank today.
This investment will be added to our pool of funds for lending to disadvantaged small businesses who have been unable to access capital from traditional financial institutions.
CLIMB Fund CEO Cindi Rourk said, “We could not be more grateful to First Capital for their support. Generous donations like these are critical for our ability to provide flexible and affordable capital to disadvantaged small business owners across the state.”Read More
Posted on February 15, 2023
CLIMB Fund’s 2022 Annual Report is now published!
The theme *All* of South Carolina speaks not only to our first full year of statewide expansion, but also to the growth of our impact in communities that are most in need of the access to capital we provide.
Check out the stories of clients we've served and learn more about how we create jobs, wealth, and opportunities in places where they would not otherwise exist.Read More
Posted on December 13, 2022
Borrower Spotlight: Meet Saltwater Cycle
Saltwater Cycle owner Cody Cooper had an idea in 2018 to launch a pedal pub in downtown Charleston. However, after running into some roadblocks with logistics, Cody decided to take his idea to the water. Click here to come aboard and learn more about Cody’s business journey!Read More
Posted on November 02, 2022
Borrower Spotlight: Meet Washes and Wags Pet Grooming
In 2018, Washes and Wags Pet Grooming came to CLIMB Fund with the project of expanding into a large storefront in Summerville. For the next several years the business was very successful. Then, on May 16, 2022, a defective blower was responsible for burning the entire store. As you’ll see in this month’s client spotlight, owner Kristina is resilient and was not going to let this stop her from running her business, and more importantly to her, paying her employees.Read More
Posted on October 05, 2022
Borrower Spotlight: Meet New Digital Press
Fernando Soto came to CLIMB Fund to accelerate the growth of his media company, New Digital Press, with new equipment to increase his video production capabilities and expand his offerings to include high quality live productions. Fernando’s company includes the news outlets NuestroEstado.com and The People’s Beat. He has been a strong advocate for CLIMB Fund in the community, and we are proud to present his business for Hispanic Heritage Month’s client spotlight.Read More
Posted on September 21, 2022
CLIMB Fund Announces First Loan Officer for Pee Dee region
We are excited to announce that our team has expanded to include our first Community Development Loan Officer for the Pee Dee region, Kendra Darity!Read More
Posted on September 07, 2022
Borrower Spotlight: Meet Lumber Jill’s Axe Throwing Lounge
About four years ago, Jill Forbes, a teacher, and her husband, Heath, a geotechnical engineer, came to us to support their small business dream of creating an axe throwing venue. Their vision of community building, encouragement, and support seemed to line up with our mission. But axes? Watch the video to find out how Jill and Heath turned their idea into a success story.Read More
Posted on June 24, 2022
CLIMB Fund Staff presents to National Credit Building Symposium
See what our Portfolio Manager, Bruno Kretzschmar, has been up to this week in Washington D.C. at the 9th Annual CBA Credit Building Symposium!Read More
Posted on June 09, 2022
City Paper: CLIMB Fund spotlighted in affordable housing news
We are thrilled to have been part of the financing for the redevelopment of the historic Archer School into 89 units of affordable housing on Downtown Charleston’s Eastside!
The Humanities Foundation purchased the building in 2020 from the Charleston School District with the hopes of developing it into affordable housing. The project is expected to be completed in early 2024 and the CLIMB Fund was able to assist with financing thanks to its revolving loan fund partnership with the City of Charleston.Read More
Posted on June 01, 2022
CLIMB Fund Announces First Hire in Midlands
We are excited to announce our first Midlands based employee! Darrell Booker is an experienced economic development and banking professional with more than a decade of experience. He is joining us as a Community Development Loan Officer and is a critical part of our plan to improve access to capital for small business all across South Carolina. Welcome Darrell!Read More
Posted on May 20, 2022
CLIMB Fund Expands Lending Partnership with City of Goose Creek
The CLIMB Fund and the City of Goose Creek are proud to announce a $500,000 loan fund to support small businesses in the City of Goose Creek!Read More
Posted on May 11, 2022
CLIMB Fund Honored as South Carolina’s Leading SBA Microlender
The CLIMB Fund was recognized by the U.S. Small Business Administration (SBA) last week as South Carolina’s leading Microlender in fiscal year 2021!Read More
Posted on March 18, 2022
CLIMB Fund Named as a “Spoke” in the SBA Navigator Program for South Carolina
CHARLESTON, SC – CLIMB Fund, a non-profit Community Development Finance Institution (CDFI) that has been doing community development lending in the Lowcountry since 1979 is pleased to announce that it will serve as one of the 8 participating “Spoke” organizations in South Carolina for the U.S. Small Business Administration's (SBA) Community Navigator Pilot Program (CNPP).Read More
Posted on March 10, 2022
CLIMB Fund Awarded $100,000 Technology Grant
We are excited to announce that the CLIMB Fund has been awarded a $100,000 grant from the Opportunity Finance Network (OFN) CDFI Tech Grant Program supported by Google.org.
Find out what the plans for our project are here.Read More
Posted on February 08, 2022
CLIMB Fund releases 2021 Annual Report
CLIMB Fund’s 2021 Annual Report is ready to view! The theme ‘New Heights’ highlights the ways CLIMB Fund grew and helped the community grow during 2021. Starting with the new name, CLIMB Fund, we reaffirmed our identity as mission driven lenders driving economic growth. In the report, learn how we reached New Heights with clients served, statewide expansion, innovative loan products, and new industries.Read More
Posted on February 07, 2022
The Front Porch Coffee and Creamery is now open!
CLIMB Fund client, The Front Porch, recently opened a brick and mortar location at The Bend in Mt. Pleasant serving coffee, light café food, and Charleston Pops. The Front Porch is owned by the same husband and wife duo that brought us Charleston Pops, a veteran-owned, award-winning food truck and dessert catering company. The Front Porch combines the best elements of Charleston Pops food truck with a warm and welcoming gathering space. Stop by for coffee and breakfast or for a sweet treat later in the day!Read More
Posted on February 01, 2022
Orange Spot Coffee named #1 essential coffee shop in Charleston
Congratulations to Orange Spot Coffeehouse who recently landed the top spot in Eater Carolinas “13 Essential Coffee Shops in Charleston.” Located near Park Circle in North Charleston, this local coffee shop is known for it’s cozy atmosphere and cha yen, a traditional Thai iced tea. CLIMB Fund is proud of Orange Spot’s success! Check out the full article below.Read More
Posted on January 25, 2022
Post and Courier features Barrier Island Oyster Co.
Check out this article from the Post and Courier featuring CLIMB Fund client Barrier Island Oyster Co.. Barrier Island Oysters uses a restorative growing method that provides the highest quality oyster while helping to offset the negative impacts climate change has on the Charleston peninsula. Read more about their work below!Read More
Posted on January 13, 2022
Borrower Spotlight: Meet Land Green
Land Green is a family owned company started in 2020 by Dinavey Isaza and Cutberto Martinez. Land Green offers both landscaping and cleaning services in the greater Charleston region. When Dinavey and Cutberto started Land Green, they needed a loan to purchase machinery necessary to grow their landscaping capabilities, but they experienced challenges finding funding. With help from the CLIMB Fund, Land Green cleaned up their credit and secured a loan.Read More
Posted on January 11, 2022
Winter Loan Closing Announcements!
The CLIMB Fund is excited to share some of the latest Community Development Small Business Loans we've closed this winter! Click the link to read how CLIMB Fund helped businesses like Ellis Family Wellness and many others!Read More
Posted on November 12, 2021
Salute to Service: CLIMB Fund Celebrates Veteran’s Day
CLIMB Fund celebrated Veteran’s Day by attending the Beaufort Chamber of Commerce “Salute to Service” event. This event showed appreciation for Veterans through a parade and community festival featuring food trucks and remarks from community leaders.
As a mission driven lender, CLIMB Fund seeks to support those denied access to capital by for-profit banks, especially the Veteran Community! Over 8% of our loans support veteran owned businesses, and we hope to support more veteran owned businesses across South Carolina. Thank you, Veterans!Read More
Posted on October 13, 2021
CLIMB Fund CEO Participates in Reinventing Our Communities Cohort Program
CLIMB Fund is happy to be a member of the ‘Reinventing Our Communities’ Cohort Program. This program aims to address structural racism and systemic barriers to economic opportunities in the Charleston Community. CLIMB Fund’s CEO, Cindi Rourk, joins with community leaders from the Costal Community Foundation, the City of Charleston, the South Carolina Association for Community Economic Development, Increasing HOPE, and the College of Charleston. The cohort completed six sessions of racial equity training to better understand how to support minority owned businesses. Going forward, the cohort will participate in technical assistance workshops focusing on building an equitable, sustainable local economy.Read More
Posted on October 11, 2021
Borrower Spotlight: Meet Blades Professional Barbering
Charlton Manigault has been in the barbering business for almost 20 years now. He opened his business, Blades Professional Barbering, on Meeting Street in Downtown Charleston where he spent the first 17 years running his business. Due to rapid development downtown, Blades was forced to move from the original location to North Charleston. Learn how CLIMB Fund was able to Blades open a new location.Read More
Posted on October 04, 2021
CLIMB Fund reaches milestone of $10,000,000 lent in SBA funds
In September, CLIMB Fund celebrated lending $10,000,000 in SBA Microloan funds since our founding. Each of these loans is $50,000 or under. We are thrilled to reach this milestone and are excited to reach the next $10,000,000.Read More
Posted on September 29, 2021
CLIMB Fund featured as recipient of Wells Fargo’s Open for Business Program
CLIMB Fund is honored to receive a $750,000 grant as part of Wells Fargo’s Open For Business program. The Open For Business Program is focused on helping diverse business owners recover from the pandemic. These funds enable CLIMB Fund to continue making small business loans and promoting economic opportunity for those who traditionally would not have access to capital.Read More
Posted on September 27, 2021
CLIMB Fund announces September Loan Closings!
Learn about 5 Community Development loans we closed this month!
Jaymes McCloud started J.H.W. Enterprises in 2018 as the sole employee and grew the business from managing 40 units in the first year to now managing 489 units, but COVID-19 significantly disrupted the business's cash flow. J.H.W. avoided laying off employees, but only managed to maintain current staff at low pay. With this loan package, JH.W. will be able to retain current employees by offering meaningful raises and hire an additional 8 employees to keep up with returning demand.Read More