ECDI has been named the largest microlender in the US by the Small Business Administration – The Columbus Dispatch | Region & Cash

Inna Kinney, Founder and CEO of the Economic and Community Development Institute (ECDI), which has been named the nation's largest microlender to small businesses.

Columbus now has two of the top performing small business lenders in the country.

For four consecutive years, Huntington Bancshares was named the largest SBA lender in the US, and in late January, the Economic Community Development Institute (ECDI) became the nation’s largest SBA microlender.

Small businesses were in dire need of capital during the pandemic and ECDI stepped in to fill the gap. In 2020, the nonprofit distributed $16.9 million in loans from April through December. In 2021, the organization issued 2,757 loans worth $61.2 million.

“It’s a great honor for us, but especially so since the onset of COVID,” said Inna Kinney, 59, of Bexley, ECDI Founder and CEO. “We have made strategic efforts to help small businesses that historically have been unable to obtain funding from traditional financial institutions.”

Author: Amine

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