CLIMB Fund Q1 Investor Report: Driving Opportunity, Advancing Sustainability, and Expanding Economic Impact
Looking Ahead: Q1 Highlights from CLIMB Fund
As we launch into 2025, CLIMB Fund remains steadfast in its mission to drive economic growth and create opportunities for underserved communities across South Carolina. The first quarter of the year showcased our dedication to empowering entrepreneurs, fostering resilience, and supporting a more inclusive economy.
Dollars in the Door: Opportunity Through Grants
This quarter, CLIMB Fund was awarded a $10,000 grant from First Citizens Bank. These funds bolster our Palmetto Prosperity Initiative, allowing us to lead the charge in being a vital resource to entrepreneurs and businesses in all 46 counties of the state. This grant exemplifies the importance of investing in sustainability, economic mobility, and opportunity in traditionally underserved regions.
Spotlight on Green Lending: A Bold New Direction
We are excited to announce that CLIMB Fund has been selected for Opportunity Finance Network’s Nascent Climate Lender Pilot Training Program. Out of over 100 applicants, we are one of 35 organizations chosen to accelerate the growth of climate-focused programs. This initiative aligns perfectly with our commitment to reducing greenhouse gas emissions and fostering climate-resilient businesses. By providing tools, resources, and education to small businesses, we continue to lead the way in creating a sustainable economic future for South Carolina.
Driving Economic Growth in Opportunity Zones
With $2MM in Equity Equivalent (EQ2) funds secured in Opportunity Zones (OZs), we are scaling our efforts to provide critical financing and support to small businesses operating in economically distressed regions. Demand for equitable access to capital remains high, with 65% of our pipeline inquiries this quarter from BIPOC-owned businesses and 64.71% from women-owned businesses By expanding access to flexible loans and technical assistance in OZs, we are ensuring that businesses in these underserved areas and specific demographics have the resources needed to grow and sustain.
By the Numbers: Jobs Created, Loans Delivered
In Q1, CLIMB Fund deployed $123,000 in funds across 4 loans, supporting 3 entrepreneurs and creating 24 jobs statewide. With an average loan size of $30,750, our funding is designed to meet the needs of small business owners looking to scale their operations.
Commitment to Statewide Impact
Our loan officers are actively serving communities in key regions, including the Upstate, Midlands, and Pee Dee/Horry areas, ensuring that no corner of South Carolina is left behind. By focusing on these priority regions, we are driving economic opportunity in both rural and urban communities.
Thank You for Your Support
We are grateful for the continued trust and partnership of our investors, donors, and community supporters. Together, we’re creating a brighter future for South Carolina—one loan, one business, one community at a time.
For more information, please contact Keonta' Ramsey at keonta@climbfund.org.