(CHARLOTTE) -- Bank of America is boosting its resources available to small businesses in the Carolina. The Charlotte-based bank is hiring 45 small business bankers across North and South Carolina to provide guidance and counsel to local small business owners.

“By working with one of our small business bankers, small businesses will have more resources to help them better manage their cash flow so they can run their businesses more efficiently,” said Steve Turner, Southeast region sales executive for Bank of America.

The Bank of America small business bankers are expected to offer on-site consultations to small businesses. There are over one million small businesses in the Carolinas. In North Carolina alone, these businesses represent 98 percent of all employers and approximately 1.6 million employees. This is according to the U.S. Small Business Administration.