Lending

Finance Fund, a non-profit certified Community Development Financial Institution (CDFI), partners with lenders to provide access to capital and facilitate investment in Ohio’s economically distressed communities. Our strategy is not to duplicate existing lending programs, but rather bolster current efforts by other community lenders.

Finance Fund is also a direct lender, primarily working with small businesses seeking funding to:

  • Purchase owner-occupied real estate or investment property
  • Construct or improve real estate or leasehold property
  • Purchase equipment or inventory
  • Meet general working capital needs

Sources of funds are a mix of public and private investments.

FUNDING PROGRAMS

Finance Fund has a variety of loan programs available including:

  • Affordable Housing Loan: Provides flexible capital for affordable housing developers. The AHLF focuses on projects that provide community-based housing with services for special needs populations such as: low-and moderate-income individuals, individuals with disabilities, addiction survivors, recently incarcerated individuals, and other vulnerable residents of Ohio. This program was designed to increase the amount of affordable housing available to hard working individuals and families, supporting acquisition, new construction, or reconstruction and leasehold improvements.
  • Community Facilities Loan: Provides flexible financing for the development of commercial real estate owned and/or operated by non-profit organizations serving low-and moderate-income populations in underserved areas. Funds may be used for costs associated with building acquisitions, renovation, leasehold improvements, furniture or equipment, working capital, and refinancing of debt may also be possible.
  • Small Business Loan: This flexible financing tool supports small business growth and job creation in Ohio’s underserved communities. Borrowers are primarily for-profit businesses with an established financial history that are unable to obtain a loan through traditional financing. Funds can be used to acquire and renovate commercial real estate, machinery or equipment and in some cases for working capital. The U.S. Small Business Administration loan program is also available for existing, for-profit small businesses. The maximum loan amount is $250,000 and requires a minimum 10% cash equity investment. Funds may be used to purchase, expand or improve business real estate or purchase business equipment or other assets. Community Advantage loans are guaranteed by the SBA.
Finance Fund is pleased to be designated as one of the first SBA Community Advantage Approved Lenders in Ohio. SBA’s participation or support is not an endorsement of any product, service, or entity.

Contact Finance Fund's Lending Team