Limited‑Time 2% Business Financing for Canton Businesses
Calling all City of Canton businesses! ECDI is offering a one-time lending special to business owners in the Canton region, with flexible interest rates as low as 2% for eligible borrowers. Funds are limited, so make sure to apply early!
If your business is located within the City of Canton’s incorporated boundaries (and pays Canton municipal income tax), you may qualify for this special opportunity.
Don't let this deal slip away! Inquire now to ensure your business secures the financing it needs to thrive. If you're not sure you qualify, we encourage you to apply to see what loan options are available to you. Our team is here to assist you every step of the way.
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Funds are limited so don't miss this opportunity to secure vital funding to help your business grow.
Loan Terms
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Businesses with a credit score of 600–625 are eligible for $5,000.
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Businesses with a credit score of over 625 are eligible for $10,000.
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The borrower's primary business location must be within the City of Canton, Ohio and subject to municipal income tax.
No-Cost Business Services
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ECDI clients benefit from business planning, resources, and expert advice to support your business growth – well worth the low cost of the capital.
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Two-year free subscription to My Credit Compass online credit building portal.
Borrower Requirements
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Personal guaranties of 20% or more from each owner
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Must be SBA microloan eligible
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Owners must be U.S. citizens
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No active or open bankruptcies
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No more than one bankruptcy in the past 15 years, and none discharged within the last 7 years
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Must be current on Federal and Ohio taxes
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No CAIVRS, SAMS, or OFAC hits
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No felony convictions within the last 10 years and clear criminal history for each owner
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If a current ECDI borrower, must have made on-time payments for the past 12 months
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Current loan applicants are not eligible
“ECDI was a game changer. They believed in me when no one else would, helped me refinance debt, and changed the trajectory of my business. It means everything to have an organization that truly wants you to succeed and is on your side.”
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Gina Piunno turned an unexpected layoff into the opportunity to launch her own insurance agency in Canton. When traditional lenders were hesitant, ECDI took the time to understand her experience and helped her refinance debt and secure the funding she needed to move forward. Today, her business continues to grow, serving hundreds of households.
Gina Piunno, owner of Gina Piunno Financial & Protection, an Allstate Insurance Agency
