SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED NEARLY $1.2 BILLION IN NORTH CAROLINA OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in North Carolina
- SBICs have invested in 208 small businesses in North Carolina since 2018.
- SBICs have invested $1.183 billion in North Carolina small businesses since 2018, with $321.2 million invested in FY 2022 alone.
- North Carolina businesses that received financing from SBICs in 2022 supported 5,274 employees.
A sampling of the North Carolina-based companies that have received SBIC financing:
Carolina Beverage Group, LLC (Mooresville)
The Carolina Beverage Group has a reputation as a world-class co-packing producer for numerous national and international beverage brands. With an emphasis on co-packing specialty-sized cans, the company’s customers include the who’s who in the beverage world, including makers of well-known malt beverages, distilled spirits, energy drinks, tea’s, functional, and other ready-to-drink beverages. The company’s state-of-the-art facility in Mooresville, N.C. has a current capacity of 45 plus million cases annually, including the latest in high-speed can filling, batching, tunnel pasteurization, flash pasteurization, hot fill (cans only), and laboratory technologies.
- SBIC Investment: $20,250,000
Precision Hydraulic Cylinders, Inc. (Beulaville)
PHC is the premier supplier of hydraulic cylinders to many of the leading global OEM’s in the mobile equipment markets. From four manufacturing facilities strategically located on three different continents, PHC is ideally positioned to meet the demanding needs of the global market. PHC’s experienced engineers work with the customer to design a high-quality, precision-engineered product at the lowest achievable cost. Throughout the product life-cycle, PHC offers full support and development aiming to deliver continuous improvement.
- SBIC Investment: $6,061,996