ECDI has partnered with the Chamber to bring their members a special loan offer in 2016. Qualified members will receive .5% off closing costs and 1% off current rates for the life of the loan through ECDI. Loan details and partnership information can be found here.
The goal of ECDI is to assist in the establishment, stabilization, or expansion of small businesses by combining business training and technical assistance with access to capital. As one of the largest US Small Business Administration microlenders in the country and a US Treasury designated Community Financial Institution, ECDI provides financing for small businesses that normally wouldn’t qualify for a conventional bank loan.
Start Up Businesses: up to $75,000
Existing Businesses: up to $350,000
Fixed Annual Interest Rate
*Interest-free fee-based loans available for borrowers whose religious beliefs preclude paying interest fees Line of Credit
Up to $100,000 to bridge AR
Monthly interest only payments
Up to $2,500 within two weeks, based on credit score
6 to 60 months, 12 month LOC renewable annually for up to 3 years
Establishment of a new business
Expansion of an existing business
Job creation and/or retention
Purchase of equipment, machinery, or inventory
Start-up operating costs and working capital Ineligible Uses
If interested, contact 614.559.0115, be sure to mention you are a Chamber member. Please note this loan special only services businesses in the Columbus Chamber.
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