The Ohio Statewide Development Corporation (OSDC) is a private, not-for-profit corporation founded in 1982 to provide financing to Ohio small businesses by acting as an agent or conduit for public financing programs. OSDC is a Certified Development Company (CDC) licensed by the U.S. Small Business Administration (SBA) to provide low-cost, long-term SBA 504 loans to eligible small businesses in Ohio. OSDC is also an Ohio 166 Regional Loan Administrator as designated by the Ohio Development Services Agency.
Our mission is to promote business investment and job creation by making loans to small businesses for buildings, equipment and leasehold improvements. Until January of 2000, OSDC provided this service as an adjunct to the Ohio Department of Development and was located inside ODOD and staffed by ODOD personnel.
As of January 2017, the OSDC Loan Portfolio included 265 loans totaling $80 million that funded real estate and equipment projects for a wide range of businesses throughout Ohio.