Microenterprise Education and Loan Program

For more information, please contact Angela Rahman at angela.rahman@ketteringoh.org or 937-296-2524 or Ky Gantt at kyren.gantt@ketteringoh.org or 937-296-3342.

Those completing the 2025 class series may be eligible to apply for a matching forgivable loan, offering eligible businesses a reimbursement of up to $8,000.  To apply, businesses must have at least two years of operating income and meet HUDs definition of microenterprise: the business must have 5 or fewer employees including the owner who must be of low to moderate income.

Funds provided through this program are forgivable, provided the business:

• Remains operational within Kettering, and
• Stays current on Kettering taxes for at least one year after the last draw date.

If these conditions are not met, the loan will convert to an amortized repayment schedule, payable over 12–24 months.

To qualify, applicants must:

• Be a microenterprise (5 employees or fewer),
• Be income-eligible (business owner earns no more than 80% of the area median income), and
• Commit to using the funds for eligible business expenses.

The City strongly encourages applications from minority-, women-, veteran-, and disabled-owned businesses.

Don’t miss this opportunity to grow your business and contribute to Kettering’s thriving business landscape!