Compare Loans

Depending on your company’s needs and qualification criteria, the Valley Economic Development Partners may be able to make one or more loans available to you. Use the chart below to compare our different programs and see if your business meets the eligibility requirements. Our team of experienced economic development professionals is here to help you navigate the lending process and find the right solution for you and your business. 

Comparison of Loan Programs

. SBA 504 Loan Regional "166" Loan Revolving Loan USDA-IRP Loan SBA ILP & CA Loan EDA RLFs Ohio SSBCI SUCCESS Program
Eligible Business Service, Commercial, Retail, Industrial & Distribution Primarily Manufacturing, Wholesale & Distribution Service, Commercial, Retail, Industrial,& Distribution Service, Commercial, Retail, Industrial,& Distribution Service, Commercial, Retail, Industrial,& Distribution Service, Commercial, Retail, Industrial,& Distribution Service, Commercial, Retail, Industrial,& Distribution
Loan Term M&E-Up to 120 mos. RE-Up to 25 yrs M&E-Up to 120 mos. RE-Up to 240 mos. M&E-Up to 120 mos. RE-Up to 180 mos. WC-Up to 36 mos. M&E-Up to 60 mos. RE-Up to 180 mos. WC-Up to 36 mos. M&E-Up to 120 mos. RE-Up to 240 mos. WC-Up to 60 mos. M&E-Up to 120 mos. RE-Up to 240 mos. WC-Up to 60 mos. M&E-Up to 120 mos. RE-Up to 240 mos.
Interest Rate Based on T-Rates - Fixed Based on Prime Rate - Fixed Based on Prime Rate - Fixed Based on Prime Rate - Fixed Based on Prime Rate - Fixed or Variable Based on Prime Rate - Fixed Based on Prime Rate Fixed or Variable
Maximum Loan 40% of project cost up to $5MM or $5.SMM for Manufacturing 45% of project cost, up to $500,000 40% of project cost, up to $150,000 40% of project cost, up to $150,000 100% of project cost, up to $50,000 (ILP) $250,000 (CA) 90% of project cost, up to $250,000 30% of project cost up to $1MM
Collateral 2nd Mortgage or Lien Personal Guarantee Parity Mortgage or Lien Personal Guarantee or LOC 2nd Mortgage or Lien Personal Guarantee 2nd Mortgage or Lien Personal Guarantee 1st Mortgage or Lien Personal Guarantee 1st Mortgage or Lien Personal Guarantee 2nd lien position behind private financing
Job Creation 1:$75,000 & 1:$120,000 for small manufacturer 1:$100,001 1:$25,000 1:$25,000 N/A 1:$25,000 N/A
Other Factors Project interim funded by bank Project interim funded by bank Borrower must be located in either Mahoning or Trumbull Counties Borrower must be located in rural areas of counties Borrower must have been denied credit by a bank (ILP Only) Borrower denied credit or can't secure funds from conventional source Borrower must be located within CDFI designated location
Share by: