Enterprise Ohio Investment Company (Eoic)

Enterprise Ohio Investment Company (EOIC) will invest in businesses with the potential for a profitable rate of return.  Managed by CityWide Development Corporation, EOIC provides capital for promising Ohio-based businesses.  Leveraging private funding, EOIC lends and invests in both established and start-up companies.   

Eligible Loan/Investment Uses

• Fixed asset acquisition
• Working capital

Benefits

• Equity capital and long-term debt financing
• Technical and management assistance

Loan Amount

• $50,000 - $150,000

Term

• 15 years maximum for fixed assets
• 5 years maximum for working capital

Rate

• As low as 0% 

Fees

• $100 application fee
• 2% of loan amount (1% paid upon acceptance of commitment)
• EOIC’s out-of-pocket closing costs ¾ i.e. legal, title, recording, etc.