The Working Capital Loan Fund (WC Fund) provides short-term, below market interest rate loans to local firms for the purpose of purchasing inventory, defraying increased operating costs incurred in business expansion, and the acquisition of small equipment. 

• From $25,000 to $50,000 in City participation
• City loans terms of up to 5 years.  Interest rates are generally below market rates.  Business and personal assets are required as collateral to provide adequate loan security.
• The City is willing to subordinate its collateral position to primary lenders.  Mortgages on real property and a security interest on business assets are commonly provided as security for working capital.
• The borrower is encouraged to select the conventional lender of his/her choice.

• Firms with a business operation physically located within the corporate limits of Columbus
• Businesses less than a year old must show strong evidence of market potential, applicable operational and management experience and the ability to provide an appropriate level of capital resources.
• One permanent, full-time job equivalent must be created for every $30,000 of city loan funds.
• Any loan application previously rejected may not resubmit for a one year period following the rejection.
• Applicants will qualify as minority businesses if they are in a majority ownership position, United States citizens, and are African American, Hispanic American, Asian American or Native American.
• Applicants must be able to demonstrate that the loan will result in permanent, full-time job creation in their business.
• 51% of jobs created must be held by individuals from low and moderate income households.

The Community Capital Development Corporation administers loans on behalf of the Division of Economic Development. Please feel free to contact CCDC with questions or for more information at:

Community Capital Development Corporation
900 Michigan Avenue
Columbus, OH 43215
(614) 645-6171