Spotlighted Projects and Industry Updates
Healing Hearts will have more room to expand and continue its battle against Opiod Addiction, thanks in part to an SBA 504 loan from OSDC and Richland Bank. You can find out more about how Healing Hearts is benfiting the lives in Mansfield, Ohio here.
Advanced Biological Marketing was recently awarded a Small Business Innovation Research grant from the National Science Foundation to develop a new class of biorational chemicals. Advanced Biological Marketing was both an SBA 504 and an ODSA 166 borrower. Read more about the award here.
Don’t forget that the 504 Loan Program can now participate in projects that are 100% Refinancing of RE and M&E
Five Important Facts about the 504 Refinance Program Multiple business loans can be combined but one must have originally been for business real estate or equipment. The business must be two years old. All refinanced loans must have been current over the last 12 months Cash can be taken out to be used for operating expenses […]
Northstar Café is a fast, casual restaurant that uses certified organic foods and ingredients and makes sauces and breads from scratch on site. Brothers, Kevin and Darren Malhame, jointly own Northstar Café that was founded in 2003. Organic Trails Café, LLC (Northstar Café’s parent company) has experienced strong growth since inception and currently operates seven […]
UMD Automated Systems is located in Fredericktown, Ohio. They recently broke ground on a new engineering office addition to their current facility. Unique Metal Designs has been creating mechanical systems for material handling and manufacturing since they were founded in 1996 by Don & Laura Rogers. Ohio Statewide Development Corporation was proud to partner with […]
U.S. Small Business Administrator, Linda McMahon, has learned that a path to success often starts by taking a risk “usually against the odds and against the advice of others”. Administrator McMahon recently participated in a White House panel on empowering women with United Nations Ambassador, Nikki Haley, Education Secretary, Betsy DeVos, and Seema Verma, Administrator […]
315 Commerce Drive, LaGrange, Ohio West Roofing Systems, Inc. is a roofing contractor, specializing in the application of spray polyurethane foam (SPF) roofing systems that waterproof, insulate, and protect commercial and industrial buildings. The business is located in LaGrange, Ohio and serves customers within a 300 mile radius. Ohio Statewide Development Corporation provided an Ohio 166 […]
2663 Fairfield Commons Drive, Beavercreek, Ohio Har Bhatnagar has owned and operated hotels in Ohio since 1983. Har’s electrical engineering degree and experience were invaluable to ensuring his success in lodging construction and operations. Har’s new hotel is a ground up construction of a 118 room Springhill Suites by Marriott on a 2.037 acre site that […]
Linda McMahon, co-founder of World Wrestling Entertainment, has been nominated to head the Small Business Administration under President-Elect Trump. As the chief executive officer of WWE, she led the company’s product licensing efforts related to action figures and consumer products, managed international growth of the company and took the company public according to her Linked-in […]
OSDC Borrower, Acoustic Ceiling & Partition of Ohio, places Second on Columbus Business First’s Fast 50
Acoustic Ceiling & Partition of Ohio supplies and installs all types of acoustic and specialty ceilings. Job sizes range from single room applications to over 500,000 s.f. facilities. In early 2016, the company purchased a building in Westerville, Ohio that provided increased space and an improved location to better serve the company’s rapid expansion – […]