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COMMUNITY DEVELOPMENT FINANCE

Community Development Financing

The Compact is a U.S. Department of Treasury-certified Community Development Financial Institution (“CDFI”). We lend money to new and existing businesses that bring jobs, goods and services, or add to the commercial tax base.

We offer financing for a variety of small businesses, ranging from start-up retail businesses, to existing businesses that need additional credit to grow. We also offer commercial real estate loans as gap financing.

Our loan portfolio now has $3.8 million in outstanding principal, from 45 borrowers. Our borrowers can expect confidentiality about their business plans and the highest level of professionalism, as we work to stimulate the business environment in our central city neighborhoods and along our business corridors.

Funds are limited, and are available on a first-come, first-served basis, following submission of all required application materials and underwriting documentation.

Priority funds are available to stimulate retail and arts-oriented businesses in the King Lincoln District.
 


Commercial Loan Program

The Columbus Compact Commercial Loan Program provides financing to assist in both the expansion of existing EZ businesses and the relocation of other businesses to within the EZ. It also provides financing for the purchase of real estate within the EZ.

Preferred use of funds includes the purchase of rolling stock and other equipment needed for business expansion in addition to the purchase of land. Loans may also be used on a limited basis to refinance high interest debt to improve cash flow; working capital (to be capped at 20% of total loan package value).

Click
here for more information or contact:

Lita Thomas
Fiscal Officer
Phone: 614-251-0926 ext. 105
Email: lthomas@colscompact.com
 


Sampling of Past and Current Borrowers
Abundant Effect Barber Shop

Accurate Auto Center, Inc.

Aluko Manufacturing Solutions, Inc.

Alpha Investments

Art's Locksmith Service

BOTT Transportation Properties, LLC.

Celestial Awakenings

Central Community House

Chef Butcher's Creole Kitchen

CHP - Barnett

CHP - Byrd

CHP - Lewis

CHP- Rose-Anderson

Circle Journey, LTD.

Columbus Urban Growth

D & S Management, LLC.

Douglas Development, LLC

Dr. David Gill Optometrist & Associates

Drains & Pipes

E.E. Ward Moving & Storage Company

Gallarie Les Beaux Arts

General Theming Contractors, LLC.

Gooeyz Restaurant

Greater Linden Development Corporation

Haiku Restaurant

JDS Jeffrey, LLC

JDT Transportation

John James Estes & Associates, Inc.

Kibibi's Art Gallery

Mercury Keller

Middleton Printing Company, Inc.

Mukha Custom Cosmetics, Inc.

NHCHDO

NHI Unlimited

Ohio Capital Corporation

Olde Maine, LLC.

Olecole Company, Inc.

ProTeam Resources

R & M Foods, Ltd.

Sparrow Cleaning

Stenson Powell Development

Strictly Business

Surly Girls, Ltd.

Sync Consulting Group, Inc.

Take 2 Apparel

Taylor Homes Residential I, LLC.

Urban Chefs

Watermark Services, LLC.

X-Quizit Studio

YouthBuild Columbus Community School

Zen Cha Tea Salon

   


Required Materials for all Loan Applications

    Personal Credit Report Authorization 
 
 
Personal Finance Statement 
 
Treatment of Nonpublic Information

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Columbus Compact Corporation
Engine House No. 11 1000 East Main Street Columbus, Ohio 43205
(p) 614.251.0926 (toll free) 866.832.2854 (f) 614.251.2243 © 1999 All Rights Reserved
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