Lee Lemke - 2011 Bank of the Year, Huntington Bank
Jim Holman - 2011 Lender of the Year, Huntington Bank
Galen Kelch - 2011 Lender of the Year, The Community Bank
2011 SBA 504 Project of the Year - Ohio Laser, LLC, Plain City, Ohio
2011 Ohio 166 Project of the Year - Buckeye Shapeform, Columbus, Ohio
Ohio Statewide Development Corporation
OSDC provides loans to small businesses that are growing and creating or retaining jobs throughout Ohio.
OSDC is certified by the Small Business Administration and authorized by the Ohio Department of Development to provide small business loans under their programs.
OSDC works in partnership with area lenders to provide long-term, fixed rate, low down payment financing for expanding small businesses
Featured Project
In 1914, Joseph Dager started hand cranking the production of
Velvet Ice Cream in the basement of a house in Utica, Ohio. The business grew steadily over the next 97 years and moved in 1960 to its current manufacturing location next to an historic grist mill just south of Utica."Ye Olde Mill" has become the landmark and brand fo Velvet Ice Cream and attracts thousands of visitors each year to tour this historic site, stroll through the retail store and view a production line as they enjoy an ice cream treat. Today the fourth Dager generation, led by Lucona, Joanne & Andre Dager, operates this still vibrant and expanding business.
In 2011, Velvet received financing through OSDC & the SBA 504 loan program for the purchase of a new refridgeration compressor system which will dramatically improve the energy efficiency of the business manufacturing process.
Lender's Links
What does the relationship between OSDC and the bank look like? - Financing Structure
Want to know how to get started with OSDC? - Financing Process
What do I do if the borrower wants to pre-pay the loan? - Pre-Payment Process
Who do I talk to? - Contact Us
Businesses Content
Which loan program is right for you? 504 Loan Program or 166 Loan Program
What type of project am I considering? - Project Options
What documents will I need to provide OSDC with? - Loan Application Checklist
Who do I talk to? - Contact Us
May 2012
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10-year 3.76% |
20-year 4.46% |
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166 Program Rate 2% - 8% |
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504 Refinance Rate 4.67% click here for 504 rate history |
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What's New at OSDC
OSDC Recognizes Borrowers and Lenders at Annual Luncheon
Visit the link above to read about the Projects and Lenders of the year at OSDC’s annual luncheon. Also make sure to check out the pictures from the event.
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New & Updated SBA 504 Refinancing Regulations
Please click above to read some information on the SBA’s final temporary debt refinance regulations that were published in today’s Federal Register and are effective today, October 12, 2011.
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