Nonprofit offers loans to help businesses through pandemic

Posted at 5:24 AM, Sep 28, 2020
and last updated 2020-09-28 09:05:34-04

CINCINNATI — An Ohio nonprofit organization is offering local businesses a financial boost to help get them through the pandemic.

The Economic and Community Development Institute (ECDI) has about $250,000 that it is looking to invest in small businesses across the Tri-State.

Entrepreneur Kristi Williams recently received a loan from the ECDI for $20,000 for her business Kristi Kollections, a mental wellness brand that creates products which promote emotional and mental well being. Products range from notebooks to shower curtains and each have positive affirmations printed on them.

Over the last few months, Williams said sales have slowed down, but the loan her business received has helped to keep her and her business afloat.

"That helped with bills, buying products, marketing, my graphic designer," Williams said. "Even though I don't have employees, I use contractors so that helps keep them employed."

Click the link here for information on how to apply.