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Small Business Catalyst Fund

Economic and Community Development

Funding Amount

$10,000 - $400,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Small Business Catalyst Fund

Overview: Working capital loan program created in partnership between Community Reinvestment Fund, USA and Fifth Third Bank to help eligible small businesses cover expenses like equipment upgrades, payroll, and other operational costs.

Geographic Scope: Select areas across the region including: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.

Loan Details:

  • Minimum: $5,000

  • Maximum: $400,000

  • Interest Rate: 7.5% fixed

  • Term: 60 months
  • Eligible Uses:

  • Working capital

  • Refinance

  • Capital assets acquisition
  • Eligibility:

  • For-profit small businesses

  • Maximum annual revenue: $10 million

  • Must operate within program's focus area (listed states)
  • Contact: Chris Smalley

    Phone: 1-888-210-3039

    How to Apply

    How to Apply

    1. Complete an intro questionnaire to get started
    2. Submit your interest via the online form
    3. Contact Chris Smalley with questions

    Required Materials: Interest questionnaire/form submission

    What Economic and Community Development actually gave

    Source: IRS Form 990-PF, 2024

    Grants in 2024
    1
    Total given
    $16K
    Median grant
    $16K
    • By dollars: Ohio 100%. Top recipient cities: Saint Clairsville, OH.

    Example grants

    • Community Improvement Corporation of Belmont County · Saint Clairsville, OH

      Collaborate with the organization to implement needed business development programming…

      $16K

    IRS Form 990-PF, 2024. Amounts as reported by the funder. Full 990 history →

    Focus Areas & Funding Uses

    Fields of Work

    small-businesses

    Categories

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