The Greater West Dayton Incubator is accepting applications through March 1 for a new round of Cultural Capital microloans.

The program supports underrepresented and under-resourced business owners as well as those serving the Greater West Dayton community.

"These microloans help entrepreneurs historically excluded from traditional bank lending,” said Whitney Barkley, director of the Greater West Dayton Incubator. “Microloans support their needs to hire, purchase equipment, establish physical locations, and cover operational expenses. The program provides more equitable economic opportunities by prioritizing applicants' passion, persistence, and strategic planning for the future.”

The microloans range from $500 to $15,000. Entrepreneurs also have access to loan application help, video tutorials and other support services offered through CityWide Development and the University’s student-run Flyer Consulting.

To date, more than $70,000 has been distributed in industries including education, janitorial services, retail, food and beauty.

Michel’le Curington, CEO and owner of Fail Me Not Tutoring, received a microloan in 2023. Since then, she has continued to expand her business, including adding new services and purchasing a Vibe interactive board to make learning engaging and fun.

"The microloan has been instrumental in the growth and success of Fail Me Not Tutoring,” Curington said. “It has enabled us to expand our services, reach a broader audience and invest in cutting-edge technology like the Vibe board, ultimately enhancing the learning experience for both our students and tutors. We are grateful for the support and confident that these improvements will have a lasting, positive impact on the future of our business."

More information on how to apply for a microloan is available online.

The Greater West Dayton Incubator was developed in partnership by community leaders of Greater West Dayton and the University of Dayton to help create a more inclusive economy, which can drive positive change in the community. It offers access to working space, consulting, training, capital and other resources.