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SBA Micro Loan Program provides up to $35k

SBAShannon Feucht, Business Dev. Specialist with the Columbus, OH SBA offices talks at a HITS meeting (7/27/2009) about the SBA Micro Loan Program.  These are her slides.  Go to slide 23 to follow along with the video.

From the SBA website: “This program provides small (up to $35,000) short-term loans for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment. It is designed for small businesses and not-for-profit child-care centers needing small-scale financing and technical assistance for start-up or expansion, and is delivered through specially designated intermediary lenders (nonprofit organizations with experience in lending and technical assistance).”

The intermediary lender  for Clark County is the following organization:

Economic and Community Development Institute
427 East Mount St.
Columbus, OH 43215
Executive Director: Inna Kinney
Microlending: Mike Miller
Phone: 614-559-0115
Fax: 614-732-0986
Email: mmiller@ecdi.org, acohen@ecdi.org
Service Area: Montgomery, Hamilton, Greene, Preble, Butler, Fayette, Warren, Clark, Miami, Darke, and Clinton


>> SBA – www.sba.gov

>> Other SBA financing (7a, 504, Surety Bonding, etc.) – http://www.sba.gov/services/financialassistance/index.html


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