The Economic & Community Development Institute (ECDI) is the 3rd largest SBA microlender in the US. ECDI’s mission is “to create measurable and enduring social and economic change” for
communities by helping entrepreneurs and small business access the capital they need to grow. Through a variety of lending programs, ECDI provides capital to entrepreneurs who are unable to access it through traditional lenders.
At the close of the 2016 fiscal year, ECDI’s Northern Ohio office loaned $3 million, 52% of which went to women, and 44% to minority business owners. ECDI created 243 new jobs, and helped create or expand 168 businesses. Through various educational programs 247 clients received training, and 580 received 1:1 coaching.
ECDI is dedicated to provide their lending and educational services to the immigrant and refugee community. The Northern Ohio office staffs a full-time relationship manager, Rebecca Mayhew, to exclusively work with clients within the refugee/immigrant community. She provides hands on technical assistance, financial literacy training, and works closely with resettlement agencies to help them establish new careers.
For more information on our lending programs please visit www.ecdi.org or call 216.912.5655.