Capital. It fuels fuels opportunity and fosters growth. And without it, fledgling businesses and cash-strapped individuals can founder. The Business of Good Foundation helps connect young businesses to much needed capital through a variety of micro-lending programs.
Helping individuals overcome financial short-falls, the Business of Good Foundation worked in concert with Employee Loan Solutions and Neighborhood Housing Services to create a workplace based alternative to traditional lending services. This program helps Ohio’s underbanked individuals establish and build credit scores and access the full array of financial services that mainstream lenders offer. Through it, employees can access responsible small credit securely and conveniently as part of their voluntary benefit package. This patented program costs employers nothing to offer and serves an important need.
For aspiring entrepreneurs, The Business of Good Foundation has forged a variety of partnerships to provide working capital in the form of micro-loans. These loans are typically smaller than funds available through traditions banks. Our Case Studies feature several examples of micro-lending — including working partners like the Cleveland Foundation, Economic Community & Development Institute, and the NEO Fund, as well as beneficiaries like Bloom Bakery.
