OSDC Recgonizes Bank, Lenders, and Projects of the Year
COLUMBUS, Ohio – February 5, 2013 – The Ohio Statewide Development Corporation (OSDC) recently presented Lovejoy’s IGA, LLC with the SBA 504 Loan Project of the Year and Franklin Services, a Cuyahoga Group Company, with the Ohio 166 Regional Loan Project of the Year at their annual awards luncheon held at the The Ohio State University Union on January 29, 2013. Chase Bank was recognized as OSDC Bank of the Year for 2012.
Serving as speaker for the event was Hal Keller, President, Ohio Capital Corporation for Housing. The Ohio Capital Corporation for Housing (OCCH) is an independent, mission-driven nonprofit corporation that works with private and public developers to create affordable housing opportunities. Hal Keller has been with OCCH since its inception; first as Director of Development and than as President since 1993. To date, OCCH has raised more than $2.5 billion in private capital for more than 600 projects that provide over 30,000 units of affordable housing in Ohio and Kentucky.
Mr. Keller has been involved in affordable housing for over 30 years as a consultant to state and local governments, an administrator of state and local housing programs, and as a neighborhood organizer and tenant advocate. He holds Master of Arts degrees in both Public Administration and Social Work from The Ohio State University and a Bachelor of Science in Applied Social Science from Case Western.
OSDC 2012 PROJECTS OF THE YEAR
Lovejoy’s Market, LLC
Lovejoy’s Market was opened in 1950 in Plain City, Ohio, and has operated in several locations and by three generations of the Lovejoy family. LoveJoy’s is a full service grocery store to the residents of this rural town northwest of Columbus. Paul “Charlie” Lovejoy has owned and operated the store since 2001 when it relocated to its newly constructed building at 900 Village Boulevard that also houses several other retail businesses.
Lovejoy’s was able to take advantage of the SBA 504 Temporary Refinance program and consolidate all business and real estate debt into a new long-term loan structure with the participation of Heartland Bank and OSDC. This new financing structure enhanced the financial position of the company and supports Lovejoy’s commitment to continue to provide quality grocery goods and services to its loyal customers for generations to come.
Franklin Services, Inc.
Franklin Services, Inc., a Cuyahoga Group Company, provides on-site vending and coffee service to businesses in the Central Ohio area. The Cuyahoga Group was started in 1988 by Jim Variglotti and provided candy, pop and snack vending to small businesses in the Cleveland area and has grown to offer a diverse line of vending products and prepared foods for a market area that includes over half of Ohio. In 2000, Franklin Services was started to serve the Central Ohio market and grew from a small warehouse location in downtown Columbus to requiring a 28,000 square foot office/warehouse building in Groveport, Ohio whose operations are managed by Vince Variglotti.
Franklin Services utilized financing through OSDC’s Ohio 166 Regional Loan Program in partnership with Buckeye Community Bank that provided an attractive financing package to purchase the Groveport location. Today, the Cuyahoga Group Companies serve over 1,000 customers that range from small to large, private to public, and include hospitals, prisons, colleges, machine shops and manufacturers.
Lenders of the year:
Also recognized by OSDC were Patrick Ryan and Daniel Jurcich as lenders of the year. Ryan is from Citizens National Bank and earned his business degree from Wright State University. He also attended the Ohio School of Bank and Commercial Credit and the Mellon Concentrated School of Banking. Ryan has 35 years of experience in the banking industry, the last 12 of those years serving as the Market President for the Van Wert office of Citizens National Bank. Along with his corporate responsibilities he is also actively involved in his community volunteering for many organizations often in a leadership role and in 2011 Pat received the Van Wert County Volunteer of the Year Award.
Daniel Jurcich, a business lender with Telhio Credit Union, was also named lender of the year by OSDC. Jurcich graduated from Ohio University with a degree in finance, and then spent a number of years working for a private corporation as a sales representative and credit analyst. Following that he transitioned into small business lending where he has worked for eight years, the last 3 as a commercial lender at Telhio Credit Union. He holds a MBA from Capital University and is a Treasurer and Board Member for Earth Touch, a non-profit society founded to promote land preservation and environmental education outreach.
Bank of the Year, Chase Bank
OSDC’s final award was presented to Chase Bank, as 2012 Bank of the Year. Mitch Billy, Area Manager for North Central Ohio and Owen Pohl, Area Manager for Greater Columbus accepted the award for Chase. Chase, a large bank with a well established presence in the market, was honored because of the small business lending group efforts. “We are very impressed by Chase and their ability to maximize the use of the 504 program,” stated Dianne Allen, Executive Director of OSDC.
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About OSDC:
Ohio Statewide Development Corporation (OSDC) provides loans to small businesses that are growing and creating/retaining jobs throughout Ohio. OSDC is certified by the Small Business Administration and authorized by the Ohio Department of Development (ODOD) to provide small business loans under the 504 and 166 loan programs.
OSDC works in partnership with area lenders to provide long‐term, fixed rate, low down payment financing for expanding small businesses.
For more information, please contact OSDC Executive Director Dianne Allen at 614.481.3214 or via email at dallen@osdc.net.