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ThePLUGDaily.com, Carolina Small Business Establish $100,000 Microloan Fund for African-American Entrepreneurs in Charlotte, NC

June 1, 2017 / Janice Rojas / Press Releases

(CHARLOTTE, NC) – Carolina Small Business Development Fund (CSBDF) and ThePLUGDaily.com announce establishment of microloan fund on Thursday, June 1, at 10am at the Camp North End in Charlotte, NC.

CSBDF and ThePLUGDaily.com collaborate to create the Black Tech Charlotte microloan fund, also the #BLKTECHCLT Fund, to offer capital and business services to African-American entrepreneurs in Charlotte. Entrepreneurs will also have access to one-on-one counseling and technical assistance to grow their business.

“We are proud to take a leading role in expanding entrepreneurship and startup principles within our city’s most overlooked and under-resourced founders and communities,” said Sherrell Dorsey, founder and CEO of ThePLUGDaily.com daily tech newsletter, and #BLKTECHCLT. “The #BLKTECHCLT Fund, in partnership with Carolina Small Business Development Fund, shows our commitment to cultivating an inclusive and innovative environment for diverse and highly capable talent in Charlotte.”

With a shared mission to grow entrepreneurship and spur innovation in underserved communities, ThePLUGDaily.com, a definitive daily newsletter organization highlighting black voices in tech; and CSBDF, a statewide nonprofit financial institution that provides small business loans and financial training, partner to grow African-American startup small businesses in the tech industry.

“Carolina Small Business Development Fund has been an active supporter of ThePLUGDaily.com and their active role in the Charlotte community. Our partnership and microloan fund is representative of our shared vision and commitment to support African-American entrepreneurs that not only want to grow their business, but also spread innovation and scale their community,” said Lenwood V. Long, Sr., President/CEO of CSBDF.

ThePLUG brings together developers, software engineers, startup founders, and more together for interactive events and discussions. The press conference will be followed by ThePLUG Daily’s BLKTechCLT event at 6pm.  For more information on this event, click here.

To apply for a loan, visit www.carolinasmallbusiness.org/loans.

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About Carolina Small Business Development Fund
Carolina Small Business Development Fund, previously known as The Support Center, has a mission to foster economic development in underserved communities by providing capital, business services, and policy research to support small businesses. Since 2010, CSBDF has invested more than $38 million through 529 loans to small businesses across North Carolina helping to create or retain more than 1,276 jobs. For more information, please visit www.carolinasmallbusiness.org.

About ThePLUGDaily.com
ThePLUGDaily.com is the first daily tech newsletter covering founders, innovators, and investors of color. Subscribe at theplugdaily.com.

Media Contact:
Janice Rojas
Carolina Small Business Development Fund
Office: (919) 803-1437 ext. 232
Direct: (919) 928-5101
jrojas@carolinasmallbusiness.org