Many small business owners indicate that one major obstacle to entry or expansion of their small business is the availability of sufficient intermediate and long-term capital to support their working capital, and fixed assets requirements.

The Ohio Development Services Agency is an important partner in providing Minority Business Bonding and Direct Loan Guarantee Programs needed to provide our clients with the appropriate intermediate and long-term capital for their businesses.

Minority Business Bonding and Direct Loan Guarantee Programs

The Minority Business Bonding Program provides bid, performance, and payment surety bonds to state certified minority- owned businesses that are unable to obtain bonding through standard surety companies.

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The Minority Business Direct Loan Program provides fixed, low-interest rate loans to certified minority-owned businesses that are purchasing or improving fixed assets and creating or retaining jobs.

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Alternative Funding Sources

Kickstarter helps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality.

Visit their website to learn more.

ECDI, a statewide SBA lender, started in Columbus in 2004 before expanding to Cleveland in July 2012, and Akron in November 2014. ECDI also has Field Offices in Toledo.

Visit their website to learn more.

Launched in 2010, GoFundMe is the world’s largest social fundraising platform, with over $3 billion raised so far. With a community of more than 25 million donors, GoFundMe is changing the way the world gives.

Visit their website to learn more.

The U.S. Small Business Administration (SBA) has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

Visit their website to learn more.