ECDI scaled to reach 300% of capacity in three months. From April-June, people of color were 70% of entrepreneurs served and 51% were women, reflecting the vulnerability of minority- and female-owned small businesses.
Need Assistance? Training and Consulting are Available
Individualized technical assistance and consulting are available to all loan customers via phone or video conferencing to help develop recovery or pivot plans, in addition to legal, accounting and other specialized needs.
State of Ohio Creates Once-In-a-Lifetime Loan Fund
The State of Ohio designated $10 million for a loan fund, focusing on female, minority and disadvantaged entrepreneurs, to help assure that every small business owner has access to capital needed for COVID recovery.