Federal Loan Programs
Information about these programs is provided by the Ohio Department of Development.
THE SBA 504 LOAN PROGRAM is a Federal loan source that can provide funding for up to 40% of the total cost of an eligible project for longer loan terms at fixed, below market interest rates with lower down payment requirements. THE SBA 504 LOAN PROGRAM is primarily for healthy, established small businesses, although start-up projects may be eligible. Approval process consists of an OSDC Board of Directors review with final approval being issued by the U.S. Small Business Administration. A participating lender must provide interim financing for the SBA 504 portion of the project in addition to its loan. For more information about this loan, please view the
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The Columbia Gas of Ohio (COH) Jobs Growth Fund program is a $1.55 million grant program. The funds provide financial assistance to new and existing companies that create new jobs within COH’s service territory. The grant awards range from $50,000 - $250,000. COH will fund approximately 2 to 4 industry and regionally diverse projects per year. The funds will be awarded through April 2012 or until funds are exhausted. To learn more information about this program, please view the
PDF.
Other Federal Loan Programs