The City of Delaware has opened a $300,000 revolving loan fund to bolster the city’s small businesses. Any business (or business owner) within city limits is eligible to apply for the low-interest loan program. The fund will be administered by Economic and Community Development Institute (ECDI), a community microlender that is headquartered in Columbus and serves small businesses throughout the state of Ohio. 

In a time when a majority of small businesses – even those with a long, stable history – are struggling due to the economic shutdown caused by COVID-19, access to capital can be a sustaining lifeline. Borrowers can request up to $25,000 from the City of Delaware fund, and can access ECDI’s portfolio of funds for additional capital up to $350,000* for their total loan. Funds can be used for any business purpose, including payroll, inventory, renovations or other.

To apply, please visit or click on the link below. For further questions, please reach out to Joseph Armstrong,

      * Any loans over $25,000 will come from City funds plus a variety of other ECDI partner sources.

      City of Delaware   ·   COhatch, 18 East William Street   ·   Delaware, Ohio 43015   ·  740.203.1016   ·

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