resource CENTER
The Columbus Chamber is your one-stop for information. Get started with our new, interactive Business Resource tool. Click on the categories below to find hundreds of business-critical resources from governmental entities and nonprofits. Looking for more? Connect with 2,000 businesses in our member directory.
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Finance/Capital
Entrepreneurship
Ohio Statewide Development Corp.
OSDC provides loans to small businesses that are growing and creating or retaining jobs throughout Ohio.
OSDC is certified by the Small Business Administration and authorized by the Ohio Department of Development to provide small business loans under their programs.
OSDC works in partnership with area lenders to provide long-term, fixed rate, low down payment financing for expanding small businesses
Email: info@osdc.net
Phone: (614) 481-3214 -
Finance/Capital
Entrepreneurship
Access Business Development & Finance
Access BDF exists to guide growing small businesses on their journey of expansion and development. We will accomplish this mission by focusing our experience, persistence and innovation to the purpose of helping our clients achieve their business goals and objectives.
Currently Access Business Development and Finance, Inc. provides financing and technical resources for your business in the following areas:
- SBA 504 Loans
- Financial Brokerage and Placement of Conventional Loans
Contact: Steven Jacobs, President/CEO
Email: steve@accessbdf.com
Phone: (513) 777-2225 -
Minority/Diversity
Finance/Capital
Entrepreneurship
Minority Business Enterprise Division
Minority Business Enterprise Division assists in the creation, growth, and development of minority usiness enterprises throughout the state.
The ivision offers loan and bond programs that can provide access to capital and bonding for firms that may not qualify for traditional lending or bonding. Management, technical, and procurement assistance services are provided at no cost to small and minority owned businesses at any of the seven Minority Business Assistance Centers (MBAC) around the state.
The Minority Business Enterprise Division continues to develop new initiatives targeting urban entrepreneurship to provide business assistance to minority-owned businesses.
The Division has also assembled the Minority Business Advisory Council to create new policies and programming ideas to improve Ohio's business climate for minority business growth.
Phone: (800) 848-1300 -
Minority/Diversity
Finance/Capital
Opportunity Finance Network
Opportunity Finance Network (OFN) is a national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged communities across America.
OFN pursues its mission across five key program areas:
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Financing: facilitating high-volume, CDFI-based financing systems;
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Public Policy: bringing new public and private resources to the CDFI industry;
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Knowledge Sharing: transforming the CDFI field with training, research, and analysis for CDFIs, funders, investors, and other key stakeholders;
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Strategic Consulting: helping organizations develop the necessary systems to increase growth and performance; and
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Strategic Communications: raising the profile of CDFIs and creating a broad base of support for CDFIs and the people and communities they serve.
Email: info@opportunityfinance.net
Phone: (215) 923-4754 -
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Finance/Capital
Workforce
Entrepreneurship
Entrepreneur
Many resources for entrepreneurs, including startup information, finance information, tech support, sales and marketing information, franchise information, HR information, business plans, etc.
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Finance/Capital
Entrepreneurship
Startup Loans
Offer access to over 2200 banks and lending institutions and provide a wealth of information of loans and other forms of financing for entreprenuers and business owners business.
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Finance/Capital
Networking
Entrepreneurship
National Association of Seed & Venture Funds
NASVF is a membership organization that advocates for the growth of seed and early-stage innovation capital. It connects the people in the world of venture capital and regional economic development, provides networking opportunities with investors.
Contact: Jim Jaffe, President & CEO
Email: jimjaffe@nasvf.org
Phone: (267) 336-7818 -
Shipping/ Logistics
Sites + Buildings
Finance/Capital
Export/Import Assistance
Entrepreneurship
Braintree BusinessDevelopment Center
The Braintree Business Development Center supports small business in Northeast Ohio through business incubation, business assistance, networking and education, and funding.
We focus on the following industries: advanced manufacturing, alternative energy, information technology, bioscience, agriculture/food processing, and international trade.
Email: info@braintreepartners.org
Phone: (419) 525-1614 -
Sites + Buildings
Non-Profit/Social Services
Finance/Capital
Columbus Compact Corporation
The Columbus Compact Corporation (“the Compact”) is a nonprofit community development corporation working to improve the quality of life in the central city neighborhoods of Columbus, Ohio.
The Compact is a catalyst for growth. We work with central city neighborhoods and other stakeholders to analyze, plan, finance, and implement high-impact community redevelopment systems and projects.
Email: ccc@colscompact.com
Phone: (614) 251-0926 -
Cost of Doing Business
Non-Profit/Social Services
Finance/Capital
Entrepreneurship
Community Capital Development Corporation
The Community Capital Development Corporation (CCDC) is a private, non-profit corporation that loans money to small business in Central Ohio. These loans can be used to invest in land or equipment, working capital, and specialty loans such as the Child Day Care MicroLaon.
Contact: Brad Shimp
614.645.6171
brad.shimp@ccdcorp.org
Email: brad.shimp@ccdcorp.org
Phone: (614) 645-6171 -
Cost of Doing Business
Non-Profit/Social Services
Finance/Capital
Entrepreneurship
Economic and Community Development Institute
The Economic and Community Development Institute provides extensive training and technical assistance, provides loans in amounts up to $100,000 to microenterprises in Central Ohio and Southwest Ohio, and is a resource center for food-related enterprises in Central Ohio.
Phone: (614) 559-0115 -
Finance/Capital
Government Contacts
Catalog of Federal Domestic Assistance
Catalog of Federal Domestic Assistance (CFDA) provides a full listing of all Federal programs available to State and local governments (including the District of Columbia); federally-recognized Indian tribal governments; Territories (and possessions) of the United States; domestic public, quasi- public, and private profit and nonprofit organizations and institutions; specialized groups; and individuals.
Lists grants offered by the federal government, includes information about eligibility, deadlines and the process of grant applications.
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Finance/Capital
Government Contacts
GovLoans.gov
GovLoans.gov is your gateway to government loan information. It directs you to the loan information that best meets your needs.
Phone: 1-800-333-4636 -
Finance/Capital
Government Contacts
Grants.gov
Grants.gov is a resource to help find and apply for federal grants, in partnership with the Department of Health and Human Services.
Email: support@grants.gov
Phone: 1-800-518-4726 -
Finance/Capital
Entrepreneurship
U.S. Small Business Administration
Federal, state and local governments offer a wide range of financing programs to help small businesses start and grow their operations. These programs include low-interest loans, venture capital, and scientific and economic development grants.
SBA.gov's Loans and Grants Search Tool provides assistance to small and start-up businesses to get a list of financing programs.
Email: answedesk@sba.gov
Phone: 1-800-827-5722 -
Finance/Capital
Entrepreneurship
Federal Reserve Bank of Cleveland
Provides loans to businesses to ensure continuity of service
Phone: 216- 579-2000 -
Finance/Capital
Entrepreneurship
Columbus-Franklin County Finance Authority
The Columbus-Franklin County Finance Authority is a public agency designed to facilitate capital investments by the private, non-profit and public sectors in Central Ohio. The Finance Authority is an eligible issuer of tax-exempt and taxable debt. The Finance Authority works in partnership with traditional lending institutions and other public partners, acting as a valuable resource for your financing options.
Phone: 614-225-6068 -
Finance/Capital
Entrepreneurship
Ohio Strategic Business Investment Division
The Strategic Business Investment Division is on the front line of economic development utilizing the state’s outstanding economic development toolbox. The Division supports the well being of Ohio’s citizens by providing business owners and communities with the information and support they need to make informed, critical decisions that directly impact Ohio’s economy and environment for business growth.
Phone: 1-800-848-1300 -
Finance/Capital
Community Development Financial Institutions Fund
The CDFI Fund provides monetary awards and allocation of tax credits to promote access to capital and local economic growth in urban and rural low-income communities across the nation.
Phone: 202-622-8662 -
Finance/Capital
Entrepreneurship
Community Development Venture Capital Alliance (CDVCA)
CDVCA is the network for the growing field of community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns, as well as the creation of good jobs, wealth, and entrepreneurial capacity.
CDVCA promotes the field by combining advocacy, education, communications, and best-practice dissemination through conferences and workshops. CDVCA makes its expertise available to CDVC funds by providing consulting services and technical assistance.
Email: cdvca@cdvca.org
Phone: 212-594-6747 -
Sites + Buildings
Minority/Diversity
Advocacy
Non-Profit/Social Services
Finance/Capital
Export/Import Assistance
Government Contacts
Entrepreneurship
Ohio Department of Development
Provides a variety of programs and initiatives to help encourage business growth in Ohio
Phone: 800-848-1300 -
Finance/Capital
Entrepreneurship
Ohio Air Quality Development Authority
OAQDA's primary purpose is to contribute to cleaner air in Ohio by assisting Ohio businesses to invest in air quality through the provision of conduit financing for the purchase, construction and/or installation of air quality facilities.
OAQDA issue air quality revenue bonds, notes and refunding bonds; make loans and grants to governmental agencies for the acquisition and construction of air quality facilities; make loans for air quality projects for industry, commerce, distribution or research, including public utility companies; acquire, construct and operate air quality facilities itself; and engage in research and development with respect to air quality facilities.
Email: Todd.Nein@aqda.state.oh.us
Phone: 614-224-3383 -
Finance/Capital
Government Contacts
Ag-Link
The Treasury invests in agriculture community and helps provide farmers with important financial tools to help weather the upfront costs of their farming operations.
Who can apply? Ohio Farmers
Criteria: Ag-Link provides an interest rate reduction on new or existing operating loans or lines of credit for Ohio farmers.
Contact: State Treasurer Josh Mandel at ohiotreasurer.gov, or (800) 228.1102.
Email: ohiotreasurer.gov
Phone: (800) 228.1102 -
Finance/Capital
Government Contacts
Bid Ohio
Bid Ohio is a competitive online auction of interim funds to state depository banks.
Who can apply? State depository banks
Criteria: Successful bids are those offering the greatest rate of return on six-month or three-month certificates of deposit.
Contact: State Treasurer Josh Mandel at ohiotreasurer.gov or (800) 228.1102.
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Finance/Capital
Small Business
Government Contacts
GrowNow
The Treasury is dedicated to small businesses and encouraging an environment that will increase job growth and retention.
Who can apply? Small Business
Criteria: GrowNOW provides a 3% interest rate reduction on new or existing small business loans when the small business can commit to creating or retaining jobs in the State of Ohio.
Contact: State Treasurer Josh Mandel at ohiotreasurer.gov or (800) 228.1102
Email: ohiotreasurer.gov
Phone: (800) 228.1102 -
Finance/Capital
Government Contacts
Collateral Enhancement Program
The Collateral Enhancement Program provides lending institutions with cash collateral deposits to use as additional collateral for loans made to eligible for-profit small businesses.
Who can apply? Small businesses that are creditworthy, but having difficulty getting the financing needed to expand and create jobs.
Criteria: Borrower must be small business whose principal place of business is in Ohio with revenues equal to or less than $10 million and with fewer than 250 employees.
Borrower can be either a new or existing business that is creating or retaining jobs.
Ineligible businesses include firms involved in retail, mining, agriculture, real estate investment, speculative activities, lending or leasing activities, pyramid sales, gambling activities, charitable institutions, religious institutions, consumer and marketing coops, and other nonprofits.
Borrower pays a fee equal to 2% of the cash collateral deposit and pays all other Lender application and closing costs. Maximum amount of a cash collateral deposit is 30% of the proposed loan amount for real estate, equipment, and working capital loans up to the maximum cash collateral deposit limits. The maximum cash collateral deposit limits are $500,000 for fixed-asset loans and $250,000 for working capital loans.
Review and Approval: Borrowers must complete a lending institution\'s standard loan application. The Lender submits a CEP application to the ODOD and related loan documents. The ODOD will review the application and documentation to determine eligibility and completeness and will notify the Lender of the application approval.
Contact: Ohio Department of Development at
www.SSBCI.development.ohio.gov -
Minority/Diversity
Finance/Capital
Government Contacts
Minority Business Assistance Centers
The Minority Business Assistance Centers provide a variety of business development services to new and existing business owners.
Who can apply? Certified MBEs through DAS or NMSDC Ohio
Criteria: Business must be economically sound; must not have defaulted on a previous bond issued by ODOD; maximum bonding line pre-qualification if $1 million per business. Premium for each bond requested is 2% of the face value of the bond. The collateral and/or security are the personal guarantees of the principals and persons substantially involved in business operations.
Review and Approval: Review and approval process begins when company submits a bonding application; the application and supporting documentation is review by the Office of Minority Financial Incentives; and applications are reviewed and approved by the MDFA Board. If approved, the application is submitted to State Controlling Board for approval, a pre-qualification letter is issued, and the company submits request(s) for actual bond issuance.
Contact: Ohio Department of Development at www.minority.devleopment.ohio.gov and
(800) 848.1300 or (614) 466.5700 -
Minority/Diversity
Finance/Capital
Government Contacts
Minority Business Direct Loan Program
The Ohio Minority Direct Loan Program provides direct loans for businesses locating or expanding in Ohio that demonstrate they will create new jobs for Ohio citizens.
Who can apply? Certified MBEs through DAS or NMSDC Ohio
Criteria: Minimum loan amount is $45,000; maximum loan amount of $450,000 or up to 40% of eligible costs. Private lender required and 10% owner equity. Term cannot exceed 10 years for machinery and equipment; 15 years for real estate; or 5 years for other short-term fixed assets. Rate is 3% fixed. Program has a job creation/retention ratio of $35,000 per job created or retained. Jobs must be created within 3 years of project completion.
Review and Approval: Process begins when the financial assistance application is submitted with the necessary supporting documentation. Application package will be reviewed and presented to the MDFA Board. State Controlling Board approval is required prior to project start. Commitment letter is issued to allow the project to start.
Contact: Ohio Department of Development at www.minority.devleopment.ohio.gov and (800) 848.1300 or (614) 466.5700
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Finance/Capital
Government Contacts
Ohio Capital Access Program
The Ohio Capital Access Program encourages state depository financial institutions to make loans to for-profit or nonprofit small businesses that are having difficulty obtaining business loans through conventional underwriting standards.
Who can apply? Any small business or non-profit
Criteria: Lender must enter into a Capital Access Program Participation Agreement to be eligible to enroll loans in the programs. An eligible borrower must be a small business with annual sales of less than $10 million; the borrower's principle place of business must be in Ohio; and the borrower must create or retain jobs. Maximum $250,000 for working capital; maximum $500,000 for fixed assets.
Review and Approval: CAP reserve account in the name of the Director, ODOD must be established at the participating lender.
Contributions:
- Borrower - 1.5 - 3% of the principal amount of the CAP to be enrolled. Lender determines percentage. Borrower can include contribution in the loan.
- Lender: Must match the borrower's contribution. Lender may recover all or part of its contribution.
- State: An amount equal to 10% of the principal amount of the CAP to be enrolled. An amount equal to 50% of the principal amount of the loan will be contributed on the lender's 1st through 3rd enrollment. An amount equal to 80% of the principle amount of the loan will be contributed for all state certified MBEs enrolled. Normal and customary fees may be charged by the lender; no additional fees are charged by the state. Lender must submit CAP enrollment forms to the MBE Division.
Contact: Ohio Department of Development at
www.SSBCI.development.ohio.gov -
Minority/Diversity
Finance/Capital
Government Contacts
Procurement TA Centers (PTAC)
The Procurement Technical Assistance Centers (PTAC) help Ohio's businesses seeking to compete for federal, state, and local government contracts. This program is operated in partnership with the Business Services Division, the Ohio Small Business Development Centers, and the U.S. Department of Defense.
Who can apply? Ohio businesses that wish to expand product and service markets to local, state, and federal governmental agencies. Specialized assistance is provided for Veteran-Owned small businesses.
Contact: Ohio Department of Development at
www.SSBCI.development.ohio.gov -
Shipping/ Logistics
Finance/Capital
Government Contacts
Targeted Investment Program
The Ohio Department of Development has identified the need for a flexible investment program that can strategically support growth and expansion of targeted small businesses within Ohio's manufacturing, production, and logistics value chains. In response to this need the Ohio Department of Development has created the Targeted Investment Program.
Who can apply? Small businesses in manufacturing, production, and logistics value chains
Criteria: Eligible businesses include those with as few as five and no more than 250 employees, and revenues as low as $1 million and no greater than $10 million.
Ineligible businesses include firms involved in real estate investment, speculative activities, lending or leasing activities, pyramid sales, illegal activities, gambling activities, charitable institutions, religious institutions, consumer and marketing coops, and other nonprofits.
Review and Approval: Companies seeking investment will be required to submit a standardized application in addition to a business plan, financial statements, and due diligence materials.
Contact: Ohio Department of Development at
www.SSBCI.development.ohio.gov -
Finance/Capital
Small Business
Entrepreneurship
Increase CCDC
INCREASE Community Development Corporation is a faith-based, non-profit organization that provides business training and capital for entrepreneurs and start-up businesses in central Ohio.
Who can apply? Startup or Existing Business
Criteria: Loans up to $100,000; 1 - 3 year repayment options; Low Interest Rates (4.5% starting)
Review and Approval: Must have qualified business plan; min 600 credit score; 40% Debt to Income Ratio; No bankruptcies or judgments in the past two years; collateral.
Contact: The Community Capital Development Corporation at (614) 476.1758
Phone: (614) 476.1758 -
Finance/Capital
Business Advancement
Economic & Community Development Institute
The Economic and Community Development Institute (ECDI) is a 501(c)3 non-profit economic development organization located in Columbus, Ohio. ECDI’s mission is to invest in people to create measurable and enduring social and economic change.
Who can apply? Small businessesCriteria: Can make loans up to $100,000 to anyone who goes through the underwriting process and is approved by the external loan review committee which consists of bankers, local entrepreneurs, and other professionals in the community.Contact: www.ecdi.org -
Minority/Diversity
Finance/Capital
Entrepreneurship
JumpStart Launch100 Initiative
Launch100 provides intensive business assistance—up to 15 hours a month—to selected minority entrepreneurs with businesses with significant revenue potential (over $10 million).
Who can apply? Minority-business entrepreneurs whose companies or business ideas have the potential to become larger enterprises and serve a national and international client base.
Criteria: Sales growth potential of more than $15 million in the next 3-5 years; potential to create 50+ jobs in Northeast Ohio; demonstrate the ability AND desire to raise capital from private equity, angel, or venture capital investors; possess a significant competitive advantage or barrier against future competitors; operating in a growing national/international market of at least $500 million in total market value and conducting or planning to conduct business in at least a multi-state region; business requires at least $250,000 in non-bank capital in next 12-24 months to grow.
Contact: launch100@jumpstartinc.com
Email: launch100@jumpstartinc.com -
Finance/Capital
SOMOLEND
SoMoLend connects business borrowers seeking loans with investors looking to make a return on investment, doing well by doing good.
SoMoLend will be the Chamber’s first recommendation for crowdfunding - See more at: http://columbus.org/news/press-releases?news_year=2012#sthash.4H4vtXyU.dpufSoMoLend will be the Chamber’s first recommendation for crowdfunding - See more at: http://columbus.org/news/press-releases?news_year=2012#sthash.4H4vtXyU.dpufSoMoLend will be the Chamber’s first recommendation for crowdfunding - See more at: http://columbus.org/news/press-releases?news_year=2012#sthash.4H4vtXyU.dpufSoMoLend will be the Chamber’s first recommendation for crowdfunding - See more at: http://columbus.org/news/press-releases?news_year=2012#sthash.4H4vtXyU.dpufSoMoLend is the Columbus Chamber's partner for crowdfunding. Read press release.
Who can apply? Small Businesses
Criteria: Loans: Minimum is $500, maximum is $35,000
Contact: info@somolend.com or 855-SOMOLEND
Email: info@somolend.com
Phone: 855-SOMOLEND -
Cost of Doing Business
Finance/Capital
Business Advancement
Workforce
USDA Rural Development - Business and Industry Guaranteed Loans
The B&I program provides loan guarantees for expansion and preservation of jobs in rural areas.
Who can apply? A borrower may be a cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis
Criteria: Business and industrial acquisitions when the loan will keep the business from closing, prevent the loss of employment opportunities, or provide expanded job opportunities; Business conversion, enlargement, repair, modernization, or development; Purchase and development of land, easements, rights-of-way, buildings, or facilities; Purchase of equipment, leasehold improvements, machinery, supplies, or inventory.
Review and Approval: The total amount of agency loans to one borrower must not exceed $10 million. The administrator may, at the administrator discretion, grant an exception to the $10 million limit for loans of $25 million under certain circumstances. The Secretary may approve guaranteed loans in excess of $25 million, up to $40 million, for rural cooperative organizations that process value-added agricultural commodities.
Contact: USDA Rural Development at http://www.rurdev.usda.gov/recd_map.html
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Sites + Buildings
Cost of Doing Business
Finance/Capital
SBA 504
The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.
Boundaries: Ohio
Loan Amount: $50,000 up to $5M; up to $5.5M for Public Policy and Manufacturing
Interest Rates: Fixed rate over life of laon determined at Bond Sale
Loan Term: 10 and 20 year
Private Investment: Bank at least 50 percent
Equity: 10-20 percent of total project cost
Collateral: Real estate, large equipment
Purpose/Use of Loan: Real estate/large equipment
Prevailing Wage: No
Job Creation: 1 job for every $65,000
Loan Committee: External
Relocation: No
Historic: No
Environmental: Yes
Contact: Community Capital Development Corp. at 900 Michigan Ave. Columbus, OH 43215 or (614) 645.6171 or www.ccdcorp.org.
Phone: (614) 645.6171 -
Sites + Buildings
Cost of Doing Business
Finance/Capital
OHIO 166
The 166 Direct Loan Program (166 Direct Loan) promotes economic development, business expansion and job creation by providing financial assistance for allowable costs of eligible projects in the State of Ohio.
The Ohio Department of Development’s (Development) 166 Direct Loan provides lowinterest loans to businesses creating new jobs or preserving existing employment opportunities in the State of Ohio.Boundaries: Ohio
Loan Amount: Up to $500,000 (with permission from State of Ohio)
Interest Rate: Fixed rate of 2/3 of prime + .25 percent servicing fee
Loan Term: Up to 15 years
Private investment: Bank at least 50 percent
Equity: Ten percent of total project
Collateral: Share lien position with bank, Real Estate (can be in 2nd position with 1 percent premium)
Purpose/Use of Loan: Acquisition of Real Estate/Large Equipment
Prevailing Wage: No
Job Creation: One job for every $50,000
Loan Committee: External
Relocation: Yes
Historic: Yes
Environmental: Yes
Contact: Community Capital Development Corp. at 900 Michigan Ave. Columbus, OH 43215, or (614) 645.6171, or www.ccdcorp.org.
Phone: (614) 645.6171 -
Cost of Doing Business
Finance/Capital
Workforce
City of Columbus Business Development Fund (BDF)
City of Columbus Business Development Fund (BDF) offers up to $199,999 for real estate or equipment funding.
Boundaries: City of Columbus
Loan Amount: Up to $199,999 (limited funds available)
Interest Rate: Flexible
Loan Term: Up to 20 years
Private Investment: One to one ratio
Equity: Ten percent of total project cost
Collateral: Real estate
Purpose/Use of Loan: Acquisition/Equipment
Prevailing Wage: Yes
Job Creation: One job for every $30,000/One percent low-mod
Loan Committee: External
Relocation: Yes
Historic: Yes
Environmental: Yes
Contact: Community Capital Development Corp.
900 Michigan Ave. Columbus, OH 43215
(614) 645-6171
www.ccdcorp.org
Phone: (614) 645-6171 -
Cost of Doing Business
Finance/Capital
Workforce
City of Columbus Working Capital Loan Program
Working capital, offered by the City of Columbus, offers $25,000 to $100,000 to help with inventory, wages and small equipment.
Boundaries: City of Columbus
Loan Amount: $25,000 - $100,000 (limited funds available)
Interest Rate: Flexible
Loan Term: Up to 5 years
Private Investment: NA
Equity: Ten percent of total project cost
Collateral: Business and personal assets
Purpose/Use of Loan: Inventory/wages/small equipment
Prevailing Wage: Yes
Job Creation: One job for every $30,000/51 percent low-mod
Loan Committee: External
Relocation: Yes
Historic: Yes
Environmental: Yes
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171
www.ccdcorp.org
Phone: (614) 645.6171 -
Cost of Doing Business
Finance/Capital
Workforce
Child Day Care Microloan
A Child Day Care Microloan can be used to help fund between $500 and $25,000 in inventory, payroll, marketing expenses and small equipment for start-up or existing Ohio day care facilities.
Boundaries: OhioLoan Amount: $500 - $25,000 (limited funds available)
Interest Rate: Fixed rate of Prime+2
Loan Term: Up to 5 years
Private Investment: NA
Equity: Ten percent of total project cost
Collateral: Business and personal assets; real estate
Purpose/Use of Loan: Inventory/Payroll/Small Equipment/Marketing
Prevailing Wage: Yes (if construction involved)
Job Creation: NA
Loan Committee: Internal
Relocation: Yes
Historic: Yes
Environmental: Yes
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171
www.ccdcorp.org
Phone: (614) 645.6171 -
Cost of Doing Business
Finance/Capital
Workforce
Franklin County Growth Fund
The Franklin County Growth Fund provides flexible financing for up to $250,000 that can be used toward working capital and small equipment for Franklin County companies outside the city of Columbus.
Boundaries: Franklin County outside of the City of Columbus
Loan Amount: Up to $250,000 (limited funds available)
Interest Rate: Flexible
Loan Term: Up to 5 years
Private Investment: At least a 1 to 1 ratio
Equity: Ten percent of the total project cost
Collateral: Business and personal assets
Purpose/Use of Loan: Working capital/Small equipment
Prevailing Wage: NA
Job Creation: One job for every $30,000/51 percent low-mod
Loan Committee: External
Relocation: NA
Historic: NA
Environmental: Yes
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171
www.ccdcorp.org
Phone: (614) 645.6171 -
Cost of Doing Business
Finance/Capital
Workforce
Grove City Town Center Loan Program
The City of Grove City has established a Town Center Loan Program (TLCP). The program is designed to stimulate job creation and revitalize under-utilized properties within a targeted area.
Boundaries: Town Center
Loan Amount: Up to $150,000
Interest Rate: 3 percent
Loan Term: Up to 20 years
Private Investment: At least a 1 to 1 ratio preferred
Equity: Ten percent of total project costCollateral: Real estate, business and personal assets
Purpose/Use of Loan: Real estate, equipment, working capital
Prevailing Wage: NA
Job Creation: Job creation must be demonstrated
Loan Committee: External
Relocation: No
Historic: No
Environmental: Yes, if real estate is involved
Contact: Community Capital Development Corporation
900 Michigan Ave. Columbus, OH 43215
(614) 645.6171
www.ccfcorp.org
Phone: (614) 645.6171 -
Finance/Capital
Workforce
TechColumbus Funding
Need funding for your early-stage technology opportunity? The Funds Management team at TechColumbus is focused on moving innovations from the idea stage to the investment stage with the long-term goal of netting measurable returns indicated by commercial success.
Phone: 614.487.3700 -
Cost of Doing Business
Advocacy
Finance/Capital
Workforce
Entrepreneurship
TechColumbus
TechColumbus is the public-private partnership whose mission is to accelerate the advancement of Central Ohio’s innovation economy. It is distinguished by its comprehensive breadth of services, including membership, advocacy, venture acceleration and seed funding. Through its services and programming, TechColumbus supports the innovation initiatives of all companies within the region from the newest entrepreneurial startups to the Fortune 500 companies that call Central Ohio home.
Email: email@techcolumbus.org
Phone: (614) 487-3700