Exciting News from M&F Bank
The 2025 Empowering Growth Small Business Grant
At M&F Bank, we believe in the power of small businesses to strengthen our communities. That’s why we launched the Empowering Growth Small Business Grant, providing thousands in funding to support entrepreneurs across North Carolina.
Application for the 2025 Grant – Greensboro Market!
The next round of applications for the 2025 Empowering Growth Grant Program will open soon for small businesses in the Greensboro Market! One deserving business in Greensboro will receive a $10,000 grant to help take their company to the next level.
Application Open: August 1, 2025
Application Deadline: August 31, 2025
Eligibility Requirements
Applications for our 2025 Empowering Growth Small Business Grant with updated eligibility criteria are designed to welcome more businesses like yours!
✔ Your business must have gross revenues of $750,000 or less
✔ Must have been in business for ten (10) years or less as of January 31, 2025
✔ Your small business must have twenty-five (25) employees or less, including yourself
✔ Your business must operate in Guilford, Alamance, Rockingham, or Randolph County
❌ Previous grant recipients are not eligible to apply
Certain entities, such as nonprofits, real estate investment firms, businesses with M&F Bank vendor ties, and M&F Bank employees or their relatives, are also ineligible. Eligibility rules are subject to change at any time.
What’s Next?
- Durham Application Period: April 1, 2025 – April 30, 2025 Closed
- Winston-Salem Application Period: June 1, 2025 – June 30, 2025 Closed
- Greensboro Application Period: August 1, 2025 – August 31, 2025
- Charlotte Application Period: September 1, 2025 – September 30, 2025
- Raleigh Application Period: January 1, 2026 – January 31, 2026
In the meantime, explore the inspiring stories of our 2024 winners and see how this grant has empowered small businesses across North Carolina.
Celebrating Our 2024 Winners
As part of our inaugural Empowering Growth Grant Program, we proudly awarded $60,000 in grant funds to six outstanding small businesses—each making a difference in their local markets:
2024 Durham Winner: Juantia Applewhite, NP of Legacy Homecare Services
2024 Winston-Salem Winner: Dr. Linda P. McRae of HOPE Counseling Services
2024 Greensboro Winner: Sation Konchellah of Grace Counseling and Wellness PLLC
2024 Charlotte Winners: Dr Nicole Calhoun of Simply Skin Body & Spa PLLC & Dustin Counts of CoolWood Urban Forestry
2024 Raleigh Winner: David Daniels of Daniels Distributors
Together, we can build stronger communities—one small business at a time.