What can a working capital loan be used for?
This type of loan is ideal for businesses in need of money to help with:

• Payroll
• Inventory
• Receivables
• Small equipment
• Other expenses essential to meet continuous operational needs

What types of working capital loans are available?
Working closely with City of Columbus and Franklin County representatives, CCDC professionals can help determine which type of working capital loan makes the most sense for your situation:

• Working capital, offered by the City of Columbus, offers $25,000 to $100,000 to help with inventory, wages and small equipment.
• Franklin County Growth Fund provides flexible financing for up to $250,000 that can be used toward working capital and small equipment for Franklin County companies outside the city of Columbus.
• Child Day Care MicroLoan can be used to help fund between $500 and $25,000 in inventory, payroll, marketing expenses and small equipment for start-up or existing Ohio day care facilities.

How can the loan be structured?

• Working capital loans funded by the City of Columbus or Franklin County typically offer a flexible, low interest rate between 3% and 7% that must be repaid within five years. The down payment required is 10%.

Are there any requirement or eligibility issues?

• CCDC is looking for healthy, growing Columbus and Franklin County businesses committed to creating jobs.
• Business owners should have an idea of how much financing they need, how it will be spent and how much they expect to invest in the project. For specifics, refer to Loan Checklist.

Where can I get more details?

• A CCDC representative is pleased to answer your questions.

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