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Revolving
Loan Fund Programs
The Micro-Enterprise Loan Program
The purpose of this revolving loan fund is to spur
small business development within Franklin County
by creating business opportunities for low-to-moderate
income persons. These loans can be applied to the
purchase of equipment and inventory or can be used
as working capital. Loans of up to $15,000 are available
to individuals and existing small businesses through
this program. To qualify for these loans, the following
qualifications apply:
- The business must be located in Franklin County
(outside the City of Columbus).
- The household earnings of the applicant must
not exceed 80% of the area median income.
- The business must employ between one-to-five
persons.
For more information on this program contact:
The Economic & Community Development Institute
(ECDI)
1151 College Avenue
Columbus, OH 43209
Phone: (614) 559-0145
Fax: (614) 231-4978
Email: slowens@ecdi.org
Website: www.ecdi.org
The Franklin County Growth Fund
This revolving loan fund is designed to provide
loans to medium-to-large scale business enterprises.
These loans are to be used primarily for the purchase
of equipment and inventory, for capital expenditures,
and may be used as working capital. The availability
of these funds is directly related to a company's
ability to create employment opportunities for low-to-moderate
income individuals. Loans under this program may
range from $15,000 to $250,000. These funds come
out of the county commissioners' Community Development
Block Grant Program.
For more information on this program contact:
The Community Capital Development Corporation (CCDC)
900
Michigan Avenue
Columbus, OH 43215
Phone: (614) 645-8590
Fax: (614) 645-8588
Email: amy.sampson@ccdcorp.org
Website: www.ccdcorp.org
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