Economic and Community Development logo

Toledo Business Growth Fund

Economic and Community Development

Foundation Small Business GrantsCommunity Development Grants

Funding Amount

$150,000 - $2,000,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Toledo Business Growth Fund

Overview: Small business loan program offering competitive interest rates and flexible, long-term financing. Established to support business growth and neighborhood investment in Toledo.

Geographic Scope: Downtown Toledo and revitalization areas of Toledo, Ohio

Loan Details:

  • Minimum: $150,000

  • Maximum: $2,000,000

  • Term: Up to 20 years

  • Interest Rate: Lower than conventional financing rates

    • Eligible Uses:

  • Real estate acquisition

  • Working capital

  • Machinery and equipment

  • Construction or preservation of commercial real estate

  • Clearance and demolition

  • Site preparation

  • Capitalized interest and reserves

    • Eligibility:

  • Existing businesses with 3 or more years of operations

  • Income-producing commercial real estate owned and operated by entity with 3 or more years of experience

  • Must benefit low- and moderate-income residents through job creation

    • Benefits:

  • Flexible low-interest long-term financing

  • Terms up to 20 years at lower rates than conventional financing

  • Accessible to business owners with low to average credit

  • Available to those denied traditional financing

    • Contact: toledo@ecdi.org

    Phone: 1-888-210-3039

    How to Apply

    How to Apply

    1. Complete a pre-application form
    2. Contact ECDI for eligibility questions
    3. Receive business advising and support throughout process

    Services Included:

  • Marketing assistance

  • Loan application assistance

  • Business advising and support

    • Apply with Grantable Learn more

    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-businessescommunity-development

    Categories

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