Small Business Development
Small businesses sit at the heart of an energetic, local economy. They provide goods and services to residents, create jobs, nurture economic opportunity and innovation, and foster a sense of community.
LISC Toledo supports and invests in small business and entrepreneurs in our community.
What we do
LISC serves small businesses overlooked by traditional financing channels by providing flexible loan options and technical support. Through our suite of commercial and real estate loan products, LISC provides financing to for-profit businesses located in underserved neighborhoods and rural communities where we work. We strategically support businesses in low- and moderate-income communities, and businesses owned by veteran, woman, and minority entrepreneurs.
LISC provides nontraditional lending opportunities to small businesses advancing up the capital ladder. For example, in 2022 we provided a $100,000 loan for working capital to H.Y.P.E. LLC (Helping Young People Excel), an minority and woman-owned behavior health services organization accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF) and the Ohio Department of Mental Health and Addiction Services. This loan provides cash flow need to continue growing the business by hiring staff to meet the demand for their services.
Learn more about financing for small businesses.
