Miami County is in the process of finalizing its loan process and lending criteria. This is expected to be in place by year end.
E-Community loans can be used for startup costs, expansion of an existing business, working capital, inventory and more. The loans are paired with an investment from a local lender along with a personal investment from the business.
Must be used by a for-profit business
Must obtain required matching funds
E-Community funding cannot exceed 60% of the total funding package
How do I apply for a loan?
Entrepreneurs interested in applying for funds will work with a local E-Community Leadership Team to connect with startup and developmental business resources, complete an application for funding, and coordinate the other elements of the funding package (bank loans, etc.). Whether an entrepreneur needs help finishing a business plan or filling out a loan application, the resources offered by the Miami County E-Community team can connect them to resources for assistance.
Miami County has created a Microloan Fund in partnership with the Justine Peterson Group These loans are available for real or personal property purchase, renovation projects and inventory expansion. Start-up businesses and expanding businesses are eligible. For more information about these programs please call the Economic Development Office at (913) 294-4045.