Ohio Revolving Loan Funds

Ohio SUCCESS

  • Funds received from State Small Business Credit Initiative (SSBCI) to Valley Partners
  • For businesses located within the CDFI tract
  • Loan amount up to $1,00,000, not exceeding 30% of total project cost
  • Requires 10% equity injection towards project cost
  • Fixed interest rate
  • Financing uses
  • Working capital
  • Inventory
  • Purchase supplies and raw materials
  • Acquire and install fixed assets/equipment
  • Purchase existing building/Acquire land (not for investment purposes)
  • Construct, convert, expand, or renovate buildings
  • Leasehold improvements

State 166

  • Eligible Projects include those related to industry, commerce, distribution, or research activities
  • Business must have 2-3 years of financial operating history
  • Loan amount up to $1,000,000
  • Finance up to 40% of an Eligible Project
  • Requires 10% equity injection towards project cost
  • Fixed interest rate
  • Financing uses
  • Land and/or building purchase – the business must occupy at least 51% of the premises
  • Machinery & equipment purchases
  • Building construction and/or renovation costs – the business must occupy at least 60% of the premises
  • Long-term leasehold improvements
  • Ongoing fixed-asset purchases
  • Capitalizable costs directly related to a fixed-asset purchase
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