Loan Mantra Announces $5,000 Grant for Women-Owned Businesses, Female Entrepreneurs, Startups in Palmetto State in Honor of Women’s History Month Company Looking for Community Minded Concepts and Companies from South Carolina’s Next Generation of Female Founders.
To celebrate the huge strides women are making in business ownership and in honor of Women’s History Month, Loan Mantra, the leading online commercial loan portal for business, is launching The Loan Mantra She Leads SC Grant for $5,000. The grant is designed to provide highimpact seed capital to female entrepreneurs, new women owned businesses, start-ups, concepts and mom-driven-mission initiatives who are building businesses that uplift local South Carolina communities.
“At Loan Mantra, we firmly believe that Main Street isn’t just built on spreadsheets alone. It’s built on stories. Often, the most compelling stories come from founders who started their enterprises from a single ingredient or even a college assignment,” says Raj Tulshan, founder and managing partner of Loan Mantra, “If you have a great idea or budding business venture that will change your community we want to hear from you.”
The application process is open now through April 14 online for those aged 21 years and up at The Loan Mantra She Leads SC Grant for $5,000. Initial entries will be judged by The Loan Mantra She Leads SC Grant committee, comprised of female business owners, bankers and financial professionals who will select three finalists using criteria shared below.
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Community Impact (30%) – How deeply are you woven into the fabric of your South Carolina community? How will/does the business benefit the community?
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Feasibility (25%) – Is the $5k use-of-funds realistic and objective for the proposal?
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Innovation & SROI (25%) – Is this a fresh solution to an old problem?
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Video Pitch Quality (10%) – Your video doesn’t need to be Hollywood ready, but we are looking for you to clearly articulate your “why”?
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Engagement Potential (10%) – Is your business concept shareable and inspiring?
In its inaugural year, the
