Loan Programs

Land and/or Building
The Small Business Administration’s 504 loan program can provide your business with up to 40% of the total cost to purchase land and or building(s), including new construction, at fixed, below market interest rates for longer loan terms and a lower down payment requirement.

The State of Ohio’s 166 loan program can provide your business with up to 40% of the total cost to purchase land and or building(s), including new construction, at fixed, below market interest rates for longer loan terms and a lower down payment requirement. OSDC offers this loan program to businesses whose customers are primarily other businesses (no retail operations).

Machinery or Equipment
The Small Business Administration’s 504 loan program can provide your business with up to 40% of the total cost to purchase machinery or equipment with an average 10-year useful life at fixed, below market interest rates for longer loan terms and a lower down payment requirement.

The state of Ohio’s 166 loan program can provide your business with up to 40% of the total cost to purchase machinery or equipment at fixed, below market interest rates for longer loan terms and a lower down payment requirement. The loan term will be based on the average useful life of equipment. OSDC offers this loan program to businesses whose customers are primarily other businesses (no retail operations).

Working Capital
OSDC does not provide loans for operating or working capital. However, the Small Business Administration’s 7a loan program may meet your needs.

Grants
OSDC does not offer grants to start or expand small businesses. The U.S. Small Business Administration does offer some grant programs; however, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.

You may wish to visit the SBA website for links to federal grant programs and other grant information.