Enterprise Development Loan Program

This program is intended to encourage private lenders to provide credit to firms which have difficulty securing reasonable financing that promotes growth, while preserving working capital. In addition, the EDL Program is intended to directly serve the needs of disadvantaged business enterprises that quite often lack the resources to obtain credit through conventional means. The EDL Program’s primary goal is to secure the retention and creation of jobs for low and moderate income residents of the City of Toledo by providing subordinated, long-term financing at attractive rates.