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LISC Toledo’s Smalll Business Stabilization Fund Helps Businesses Impacted by COVID-19

Sojourner’s Truth Staff

Local Initiatives Support Corporation (LISC) has continued its COVID-19 relief efforts with the launch of the Greater Toledo Small Business Stabilization Fund. Upon its completion, the Fund will have provided a total of nearly $500,000 in grants to help such businesses ward off the financial problems created by the pandemic.

Nationally LISC is partnering with Verizon and Sam’s Club to provide funding to hundreds of small businesses around the nation that have been affected by the pandemic. In Toledo, LISC is cooperating with those organizations and others such as KeyBank Business Boost and Build Program, JumpStart, the City of Toledo, Toledo-Lucas County Port Authority and ProMedica to create a round of funding to assist small businesses.

Businesses with one or more employees are eligible to receive grants in the amount of $5,000, $7,500 or $10,000 to assist with operating expenses that have occurred during the pandemic.

The priority for such grants is to businesses led by people of color, women and veterans, along with those located in low- to moderate communities, along with LISC target areas.

“We know these businesses are the least likely to have access to resources to help them weather this storm,” said Sarah Allen, LISC Toledo program officer. “These grants support not only Toledo small businesses, but the surrounding neighborhoods that depend on them.”

Several such businesses that recently have received grants are Ruby’s Kitchen, Savvy Sistas and Kynard Enterprises.

Ruby Butler opened Ruby’s Kitchen in 2004 and over the past 16 years Butler has built a steady, faithful clientele to sample her homemade soul food. As with many restaurants, which thrive on ensuring customers are placed side by side, in very closed quarters, Ruby’s Kitchen had to completely alter its operation during the pandemic, first offering only pick-up service. The $10,000 grant from LISC will help the restaurant with rent and operational costs incurred during a period of limited revenues.

Savvy Sistas was opened four years ago by Lynette Dunbar, Loretta Taylor and Patrice Russell. The boutique offers handbags, jewelry, clothing and accessories in a tastefully arranged shop on Canton Street in downtown Toledo. The sisters will be using their grant funds to pay for merchandise and bills as well as to enhance the shop’s marketing efforts.

Kynard Enterprises, LLC is a full-service building and property maintenance company serving Toledo and NW Ohio since 2008. The company offers a wide array of commercial and residential services to property management companies, real estate and mortgage companies, city municipalities, schools, churches, property investors and home owners.


Ruby’s Kitchen Head Cook Sonda Hicks

Clyde Kynard

Loretta Taylor

Lynette Dunbar


“A little bit of everything,” says Clyde Kynard of the property services his company offers – cleaning, repairs, maintenance, lawns, and so on.

Kynard will be utilizing his company’s grant for marketing and branding efforts and client acquisition. He also hopes to expand the company’s service and administration.

Ruby’s Kitchen, Savvy Sistas and Kynard Enterprises are but a few of the local companies that are benefiting from the LISC Verizon Stabilization Fund grants. A few of the other companies are Salon Nevaeh, Touch a Dream Dance Studio, Hotbox Bistro, Boochy Mama’s and Josephine’s Kitchen. A full list will be announced shortly.



Copyright © 2019 by [The Sojourner's Truth]. All rights reserved.
Revised: 10/01/20 10:51:28 -0400.

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