ECDI and Bank of America Work Together to Bring an Additional $800,000 to...
Earlier this week, Bank of America awarded the Economic and Community Development Institute a $40,695 grant as part of a larger national program that helps with small business lending. ECDI will use...
View ArticleKiva City will offer microloans to Columbus businesses
Visa and microlending website Kiva.org on Wednesday debuted a new program that will extend microfinance to small businesses in underserved communities across the country, including Columbus. Kiva City,...
View ArticleJC’s Sweet Ice Tea gets Sam Adams loan
JC’s Sweet Ice Tea is the latest beneficiary of The Boston Beer Co.’s Samuel Adams Brewing the American Dream program. The Columbus-based business has received a $10,000 loan from the program, which...
View ArticleA business loan or line of credit can help your company grow
But what’s the difference and which one do you need? Whether you are just starting a new business, looking to grow in the coming year or are in the midst of a growth spurt already, you might find...
View ArticleAvoid loan confusion and find a business loan that’s right for you
If your small business is in need of additional funds, whether for new equipment, an expansion, or more inventory, there are many different types of loans available. Look over the list below to decide...
View ArticleLoans available for small businesses impacted by storms, power outages
Recent storms and prolonged power outages have resulted in equipment damage, lost inventory, and mounting bills for many area small businesses. However, new low-interest emergency recovery loans could...
View ArticleCeilmax provides cost-effective solutions with help from ECDI
I did not, in fact, know that the National Safety Council estimates that slip and fall accidents cost American businesses $70 billion dollars every year and account for 95 million days of lost work. At...
View ArticleThe Columbus Foundation loans $500,000 to ECDI
The Columbus Foundation has made additional capital available to entrepreneurs in Central Ohio. On Oct. 10, it was announced that the foundation loaned $500,000 to the Economic and Community...
View ArticleECDI offering loans to owners of new, existing businesses
As just about any entrepreneur will tell you, financing a business can be a difficult task. However, those willing to consider a non-traditional lender might have a friend in the Economic and Community...
View ArticleLending: Credit Unions vs. Traditional Banking Institutions
More consumers are now choosing credit unions over traditional banking institutions because of the great services and benefits they offer, such as convenient locations and stability, with the added...
View ArticleECDI loans help entrepreneur launch two growing businesses
Tim Galakchiev was born in Russia and first came to the United States with his mother in 1998 at the age of 21. Later, his father, Edward, and Tim’s wife and children also immigrated to America. Here...
View ArticleThree Things to Do Before Taking Out a Business Loan
A healthy cash flow is crucial for the success of a small business, but it’s not always easy to come by. If you’re having trouble maintaining your cash flow, taking out a business loan or line of...
View ArticleHow to Prepare for a Lender Meeting
Applying for a business loan can be a stressful part of owning your own business. But, if you’ve done your research, you know your borrowing options and you know it’s time to apply for a loan, actually...
View ArticleChase Extends Business Lending Promotions
Are you an entrepreneur with an idea or dreamer who has always wanted to start their own business? Chase bank is offering business lending promotions through their Mission Main Street program. The...
View ArticleECDI Closes 1,000th Loan
ECDI is celebrating big milestones as the organization closes its 1,000th loan during their decade-long support of Ohio entrepreneurs. On March 28th, ECDI awarded Cleveland client Jodi Rae Santosuosso...
View ArticleNeed Extra Cash? Find a Business Loan That’s Right for You
As the owner of a small business, it’s important to know that sometimes cash flow can be off and financial issues arise. A piece of equipment may have broken down, a leak in your office has caused...
View ArticleCity Council Holds Small & Minority Business Development Committee Hearing
On Thursday, July 9, Columbus City Council held a hearing to discuss resources available for small and minority businesses in Columbus. Choosing a small businesses as the location, city council members...
View ArticleIncrease CDC’s Suite of Services Helping Businesses with Ideas, Loans & More
Starting a business is no easy feat – entrepreneurs often need all the help they can get. Increase CDC offers a suite of services that range from helping the budding business owner find their best...
View ArticleMicrolending Platform Kiva Receives Support from City
A recent string of investments and endorsements is putting Columbus that much closer to earning its official designation as a Kiva City. Since July of 2015, Reese Neader has been bringing a local...
View ArticleFinance Fund Investing in Low to Moderate Income Communities, Launches...
With a mission of building bridges between resources and low- to moderate-income communities to improve the quality of life, the Finance Fund has been helping communities and business across Ohio for...
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