Oakwick Lending Group, a small-business funding broker in Concord, NC, works with China Grove, NC owners in Rowan County by phone and online. ZIP 28023 had 267 employer establishments in 2023, with construction and retail almost level (Census ZBP). Lending partners alone decide on credit and set any rate or term.
| County | Rowan County, NC |
|---|---|
| Distance | About 11.2 miles N of the office |
| ZIP 28023 employers | 267 in 2023 (Census ZBP) |
| Under five employees | 61.4% of ZIP 28023 employers |
| Town share of ZIP land | About 8% (Census 2020) |
In Rowan County, NC, not Cabarrus County, NC
China Grove, NC is in Rowan County. Cabarrus County statistics elsewhere on this site do not describe it. The whole town lies inside ZIP 28023, but it covers only about 8 percent of that ZIP code's land (U.S. Census Bureau 2020 ZIP code relationship files), so the business counts below include a good deal of the surrounding countryside.
ZIP 28023 by the numbers
In 2023 the ZIP had 267 employer establishments, 2,313 paid employees and an annual payroll of about $92.9 million. 61.4 percent of the establishments had fewer than five employees (U.S. Census Bureau, ZIP Code Business Patterns 2023).
- Construction: 45 establishments, 57.8 percent with fewer than five employees
- Retail trade: 44 establishments, 61.4 percent with fewer than five employees
- Other services: 37 establishments
- Accommodation and food services: 22 establishments, 36.4 percent with fewer than five employees
- Health care and social assistance: 18 establishments
- Wholesale trade: 14 establishments
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023.
Small shops and small crews
Unusually, the retailers here are about as likely as the contractors to be very small: around six in ten in both groups had fewer than five employees. A small shop buying seasonal stock and a small crew buying a trailer face similar cash constraints but need different products. The shop's question is usually about financing inventory until it sells; the crew's is about financing an asset over its working life.
Self-employment in China Grove, NC
The Census estimate is 9.1 percent of employed residents self-employed, plus or minus 5.1 points (U.S. Census Bureau, American Community Survey 2020-2024). With a sample this small, the range is too wide to say whether self-employment is more or less common than in Rowan County or the state.
How China Grove, NC owners reach us
The office address is to the south in Concord, NC. Requests begin by phone at (980) 352-5260 or through the online form. The local business picture covers the office's home county, and the towns we work with includes Landis and Rockwell, China Grove's Rowan County neighbors.
China Grove, NC businesses we help
Our partners have confirmed appetite for four kinds of business: contractors and construction trades, restaurants and food service, medical and dental practices, and retailers and wholesalers that carry stock. If your China Grove, NC business is something else, call and ask before you spend time on paperwork.
Documents to have ready
- Business checking statements covering roughly the last quarter or two
- Current financial statements: profit and loss plus a balance sheet
- A driver's license or passport for each owner
- Formation documents and your EIN
- A list of existing business debts and payments
- For equipment, the seller's quote with make, model and price
No two partners ask for exactly the same file, so use this as a checklist rather than a rule.
From first call to a partner's decision
- You call (980) 352-5260 or send the short form (name, contact details and business name). When we speak, we ask what the money is for, how long you have been in business and roughly what the business brings in.
- We walk through the funding types that suit that purpose and the paperwork partners tend to ask for. Nothing goes out until you say so.
- After you give the go-ahead, we share the request with suitable lending partners, and each one decides on its own.
- When an offer arrives, weigh its full cost, how payments are scheduled and the conditions. Accepting is entirely your choice.
Our office is at 4 Union St S, Concord, NC 28025.
By Oakwick Lending Group · Updated