Ohio Small Business Loan | Ohio Business Loans

Tax & Incentives

Loan financing of between $1 million and $5 million for projects primarily engaging in research and development activity.
Rates are fixed (at or below market rates) with terms similar to those of commercial bank financing.
Companies and small businesses receive a dollar-for-dollar, non-refundable Ohio commercial activity tax credit for all principal and interest payments during the year.

Revenue bond financing through this S&P AA- (double A-minus) rated fund, whereby proceeds from the sale of bonds is loaned to companies for fixed rate, long-term capital asset financing.
Rates are fixed depending on the type of bond issued, with terms between seven to 10 years for equipment and 15 to 20 years for real estate.
Up to $10 million in financing is available through this program.

Direct loan financing to help finance manufacturing and other eligible facilities for Ohio small businesses.
Eligible uses for funding include new building construction, building acquisition, and acquisition of machinery and equipment.
Amounts of financing are usually set at 30 percent of the project cost (to a maximum of $1 million), subject to an increase by the Director of Development, with a minimum loan amount of $350,000.
The rate is fixed (at or below market rates) with terms similar to those of commercial bank financing.

Allows eligible issuers the ability to issue tax exempt Private Activity Bonds up to a state limit known as “Volume Cap,” determined annually on a per capita basis for projects consisting of multi-family housing, single-family housing, exempt facilities, manufacturing, and student loan bonds.

Direct loans to rural, distressed local communities and applicants committed to creating well-planned industrial parks.

Low-interest loans to municipalities or designated non-profit economic development organizations to acquire real estate for assembly into developable parcels and remediate any brownfield contamination site to entice private business investment in distressed urban locations.