LaunchRALEIGHLaunchRALEIGHContact: Matthew Kane
Created by the North Raleigh Rotary Club as one of it’s 50th anniversary project, LaunchRALEIGH strives to develop successful entrepreneurs who have limited access to financial and business resources.
LaunchRALEIGH will provide training, mentors, microloans and networking opportunities to develop Raleigh-area entrepreneurs who have limited access to resources. Applicants are required to complete a training program prior to applying. Loans of $500 to $2500 will be repaid in 12 months at 5% interest. Once approved, recipients will be paired with a mentor.
Because repayment is required, the program is sustainable for years to come without additional funding. Total commitment from the Rotary Club of North Raleigh is $25,000.
Partners on this project include:
- Wake Tech Center for Entrepreneurship
- Wells Fargo
- Passage Home
- Solidarity Capital Group
- Carolina Small Business Development Fund
- City of Raleigh – RaleighForYou (R4U) Economic Development