Local Entrepreneur Acceleration Program

The Local Entrepreneur Acceleration Program (LEAP) aims to support diversity in small business ownership across South Carolina by providing minority and women entrepreneurs with business plan development support, technical skills, and the chance to compete for a startup capital award.

Thanks to support from Wells Fargo Diverse Community Capital, SC Community Loan Fund launched LEAP in 2019. We have hosted four LEAP rounds since the program was established. These programs have brought in a total of 57 participants, resulting in the completion of 44 business plans. A total of $85,000 in seed capital funding has been awarded through the program to help build a more diverse small business economy in South Carolina.

HOW IT WORKS

LEAP is an intensive ten week course during which small business owners expand their business knowledge. The course culminates in participants refining their business plans and presenting them for a chance to win a capital investment. The three entrepreneurs with the strongest business plans will receive $5,000, $10,000 or $30,000 startup capital awards. All LEAP graduates leave the program with the ability to seek business financing as well as a comprehensive business plan.

CURRENT SESSION INFORMATION

Any entrepreneur or team of entrepreneurs interested in developing or expanding a business in South Carolina can apply to participate in LEAP 2021.

The LEAP 2021 Cycle 1 cohort will meet virtually on Tuesday evenings May 4 - July 29.

Download the program session flyer here.

APPLY HERE

Download the program application user guide here.

Applications will be accepted for this program March 8th - April 9th. Applicants can expect to hear from SCCLF regarding their acceptance into the program at the end of April. There is a nonrefundable $100 course fee to be paid after acceptance into LEAP.

Questions? Contact SCCLF Program Manager Kelly Sharkey at kelly@sccommunityloanfund.org to learn more about current or future sessions.