RMMFI provides a holistic approach to business development that includes education, mentorship, access to capital and community connections. It supports low-income and under-resourced entrepreneurs (making less than 80% of the area median Income) as they work to start or grow their business.
RMMFI’s main education programs are a four-week Business Idea Lab, a 12-week Business Launch Boot Camp, a monthly workshop series and an 11-week Thrive Business Accelerator. In all of these programs, entrepreneurs are also connected to mentors and coaches who can help them with their specific business needs.
RMMFI offers character-based loans (meaning it doesn’t look at credit scores, immigration status, history of incarceration, etc.) ranging from $250 to $75,000. It takes a capital meets capacity approach, so it makes sure that entrepreneurs taking loans from it are also supported by its education and mentorship.
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