Posts Tagged ‘loans’

ECDI Closes 1,000th Loan

ECDI Closes 1,000th Loan
ECDI is celebrating big milestones as the organization closes its 1,000th loan during their decade-long support of Ohio entrepreneurs. On March 28th, ECDI awarded  Cleveland client Jodi Rae Santosuosso the loan for her new venture, Daily Press, an organic juice bar on Detroit Road in Cleveland. “Our...
April 9th, 2014 | Announcements | Read More

Chase Extends Business Lending Promotions

Chase Extends Business Lending Promotions
Are you an entrepreneur with an idea or dreamer who has always wanted to start their own business? Chase bank is offering business lending promotions through their Mission Main Street program. The program includes four fixed-rate offers: Commercial Real Estate – 10 year fixed rate with 20 year amortization:...
January 10th, 2014 | Announcements, News | Read More

How to Prepare for a Lender Meeting

How to Prepare for a Lender Meeting
Applying for a business loan can be a stressful part of owning your own business. But, if you’ve done your research, you know your borrowing options and you know it’s time to apply for a loan, actually meeting with a lender can be stress-free, simply by being prepared. By Deanna Barzak, Business...
June 6th, 2013 | $traight Talk | Read More

Three Things to Do Before Taking Out a Business Loan

Three Things to Do Before Taking Out a Business Loan
A healthy cash flow is crucial for the success of a small business, but it’s not always easy to come by. If you’re having trouble maintaining your cash flow, taking out a business loan or line of credit can be a quick fix. Deanna Barzak Here are three important things to do when taking out...
May 2nd, 2013 | $traight Talk | Read More

ECDI loans help entrepreneur launch two growing businesses

ECDI loans help entrepreneur launch two growing businesses
Tim Galakchiev was born in Russia and first came to the United States with his mother in 1998 at the age of 21. Later, his father, Edward, and Tim’s wife and children also immigrated to America. Here they began putting down roots and reuniting with members of the Columbus area Russian Jewish community,...
April 25th, 2013 | ECDI Spotlight | Read More

Lending: Credit Unions vs. Traditional Banking Institutions

Lending: Credit Unions vs. Traditional Banking Institutions
More consumers are now choosing credit unions over traditional banking institutions because of the great services and benefits they offer, such as convenient locations and stability, with the added bonus of owning where they bank. However, credit unions also offer those same benefits to small businesses,...
March 7th, 2013 | $traight Talk | Read More

ECDI offering loans to owners of new, existing businesses

ECDI offering loans to owners of new, existing businesses
As just about any entrepreneur will tell you, financing a business can be a difficult task. However, those willing to consider a non-traditional lender might have a friend in the Economic and Community Development Institute. Part of what separates its lending program from those at commercial banks is...
January 11th, 2013 | Announcements | Read More

The Columbus Foundation loans $500,000 to ECDI

The Columbus Foundation loans $500,000 to ECDI
The Columbus Foundation has made additional capital available to entrepreneurs in Central Ohio. On Oct. 10, it was announced that the foundation loaned $500,000 to the Economic and Community Development Institute to support its small business loan program, which offers loans up to $100,000 to entrepreneurs...
October 23rd, 2012 | Announcements | Read More