Coralus (formerly SheEO) is a global nonprofit that provides no-interest loans and a supportive community to women and nonbinary entrepreneurs working on one or more of the 17 U.N. Sustainable Development Goals. PNC has partnered with Coralus to address women’s unequal access to credit, one of the key drivers of the economic gender gap that inspired PNC’s Project 257^®: Accelerating Women’s Financial Equality. According to the World Economic Forum’s 2020 Global Gender Gap Report, it would take 257 years for women to catch up to men economically unless the pace of progress accelerates. In the 2023 report, the gap narrowed to 169 years. But it’s still too long to wait.  

Activators crowdfund a no-interest loan pool.  

Repayment of these loans over a 5-year period builds a Perpetual Fund to reinvest in future businesses.

• Through the PNC Bank + Coralus Collective, a cohort of women entrepreneurs and financial advisors collaborating for growth and success, PNC will cover the cost for 100 entrepreneurs to join the Coralus community as Activators for one year. You’ll enjoy all of the benefits of being a Coralus Activator, plus Collective participants receive invitations to virtual monthly workshops and are paired with a local PNC-Certified Women’s Business Advocate to serve as a sounding board. Applications are accepted in September and October.
• Who Can Apply?
  U.S.-based entrepreneurs who identify as women or nonbinary, own a minimum of 51% of an up-and-running business, have annual revenues up to $5 million and a strong desire to grow their company.
• 2023 Deadline: October 31. Learn more and apply at PNC + Coralus Collective Application (2023).