The initiative pairs financing with coaching and mentorship to help entrepreneurs scale operations and manage growth.
Eight Black-owned businesses in Louisville, Kentucky, have received $25,000 lines of credit as part of a local effort to expand access to capital and business support, organizers said. The initiative pairs financing with coaching and mentorship to help entrepreneurs scale operations and manage growth.
The program was launched by business coaching nonprofit Amped in partnership with Republic Bank. It offers credit lines without collateral and business support. The funding and guidance aim to address persistent barriers that many Black entrepreneurs face when seeking traditional financing…