South Carolina Community Loan Fund Hosts Alumni Reunion and Announces Wells Fargo Grant

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Columbia, SC – The South Carolina Community Loan Fund (SCCLF) hosted a full day alumni reunion in early November, celebrating entrepreneurship and sharing exciting announcements for the organization. Over 50 alumni of SCCLF’s small business enrichment programs, LEAP and Feeding Innovation, attended the educational and celebratory event.

Notably, the SCCLF team announced for the first time their $150k grant from Wells Fargo, who also sponsored the event, to support the LEAP program. This investment will further grow this program, described as an intensive ten week course designed to help small business owners expand their business knowledge.

SCCLF also announced a new small dollar loan product specifically for LEAP and Feeding Innovation Alumni, to provide necessary capital to small businesses.

SCCLF’s investment in small businesses was reflected by the engaged participants, who had the opportunity to network, reconnect and learn from each other’s experiences. State Representative Wendell Jones, and successful business owner, Lasenta Lewis-Ellis were two of the keynote speakers. Along with dynamic speakers, breakout sessions focused on topics including succession planning, business banking, and cash flow management.

About SCCLF

South Carolina Community Loan Fund (“SCCLF”) is a mission-based lender and nonprofit loan fund that transforms and revitalizes communities throughout South Carolina. Established in 2004 as a local affordable housing trust fund (the first of its kind in the state), SCCLF has expanded over the years in both geographic scope and lending products and services. SCCLF is a certified community development financial institution (CDFI) that is tax exempt under Section 501(c)(3) of the Internal Revenue Code. The mission of CLF is to advance equitable access to capital to build assets and benefit communities and people most in need of economic opportunity. Its primary function is developing projects and activities designed to employ communities and stimulate economic activity, including small business development, entrepreneurial training, financial empowerment, affordable housing, and community revitalization.

Media Contact: Virginia Howat virginia@tealhaustrategies.com