Economic and community DEV institu, OH the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide…

The Small Business Administration's Microloan Program provided $1,975,171 in Formula Grant funding to the Economic & Community Development Institute Inc. from July 1, 2021 to June 30, 2022. The Microloan Program (CFDA #59.046) aims to assist entrepreneurs, business owners, and other individuals through direct loans and grants to eligible non-profit microlenders. These microlenders then provide micro-level loans of under $50,000 and business training/technical assistance services to support start-ups, newly established and growing small businesses in their local communities. The Economic & Community Development Institute Inc., doing business as Ecdi, will utilize this federal funding to further deliver microloans and entrepreneurship support services to small businesses in Columbus, Ohio, in keeping with the Microloan Program's goals of expanding access to credit and business development resources for women, low-income, and minority business owners.

Economic and community DEV institu, OH the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.