Underrepresented and under-resourced business owners can apply for microloans through the Greater West Dayton Incubator’s Culture Capital program, open through Oct. 18.

“We offer these loans to bridge the gap for entrepreneurs often overlooked by traditional lenders,” said Whitney Barkley, director of the Greater West Dayton Incubator. “Entrepreneurs in Greater West Dayton can use this funding to hire, buy equipment, open storefronts, and meet other business needs. By prioritizing passion, persistence, and solid planning, these microloans open doors to more equitable economic opportunities.”

Ranging from $500 to $15,000, the microloans come with application support and additional resources through CityWide Development and UD’s student-run Flyer Consulting. To date, more than $80,000 has been distributed to local businesses in sectors like education, janitorial services, retail, food and beauty.

Jerod McCain, owner of Eating 2 Live Foods & Services, said he applied for a microloan after being denied funding from convention banks based on their credit requirements. The loan allowed him to expand his inventory and grow his business, which offers meal plans and other services.

Sheryle Carter, owner of Copy & Go Printing, used her loan to purchase a new sign and other upgrades for her Highland Plaza shop; which offers printing, faxing, binding, graphic design, and custom items like T-shirts, mugs and pens.

Their advice to fellow entrepreneurs: Keep your business documents up to date, ask questions, and be ready to execute your plan once the loan is approved.

An information session will be held Sept. 27. More information on how to apply for a microloan is available online.

The Greater West Dayton Incubator, created in partnership with the Greater West Dayton community leaders and the University of Dayton, aims to create a more inclusive economy by providing access to working space, consulting, training, capital, and other resources.