How to Find the Right Banker for Your Small Business

  A common misconception is that a bank is just a place for your checking account. However, almost every bank has dedicated business bankers who can offer much more, especially for small businesses. These professionals help manage cash flow, assist with payroll, and provide strategic advice on taxes and debt management. They can even help […]

SBA Expands 504 Loan Program for Clean Energy Projects

The U.S. Small Business Administration has expanded the SBA 504 Loan Program to help clean energy projects access capital. This effort is part of a larger initiative by the Biden-Harris Administration to encourage investments in the clean energy economy. As of May 30, 2024, any project that qualifies for the SBA 504 program and has […]

New Program for Ohio Manufacturers to Save on Clean Energy Projects

The U.S. Department of Energy has announced a new tax credit program that can help manufacturers in qualified Ohio counties save money on energy efficiency upgrades and clean energy investments. The Qualifying Advanced Energy Project Credit Program (also known as the 48C Tax Credit) provides up to $6 billion to help manufacturers across the United […]

Navigating Interest Rates: What Small Businesses Need to Know

Interest rates play a crucial role in determining the cost of borrowing money for small businesses. As they fluctuate, small business owners face many financial decisions that can significantly impact their growth and stability. Understanding trends in interest rates can help businesses make informed choices about borrowing, investing, and managing cash flow.   Monitoring Interest […]

Borrower Spotlight: Michael Byrne Manufacturing

Website: Location: Mansfield County: Richland Lending Partner: Park National Bank Michael Byrne Manufacturing is a women-owned family business that manufacturers auger boring machines, augers, cutting heads, and industrial gearboxes. It supplies utility contractors with equipment to drill horizontally underground to install water, sewer, gas, oil, and electric lines to provide energy to homes and businesses. The business started […]

Borrower Spotlight: The Book Loft of German Village

Website: Location: Columbus County: Franklin Lending Partner: Huntington National Bank The Book Loft is a well-known independent bookstore and destination in the German Village neighborhood of Columbus. One of the nation’s largest independent bookstores, The Book Loft stocks over 100,000 titles throughout the year and delights its customers with a layout comprised of 32 rooms full of books. […]

Borrower Spotlight: Costume Specialists

Website: Location: Columbus County: Franklin Lending Partner: KeyBank Founded in 1983, Costume Specialists is the world’s only custom mascot character production company that manufactures both foam and inflatable costumes. Under the leadership of Greg Manger, President and CEO, the company is dedicated to turning any character into a star, with creations that have reached […]

Borrower Spotlight: Cambridge Bone & Joint

Website: Location: Cambridge County: Guernsey Lending Partner: Peoples Bank Cambridge Bone & Joint, LLC is an orthopedic surgery practice in southeastern Ohio. Owned by Dr. Vanessa Voytko, a board certified orthopedic surgeon, and Melissa Voytko, a certified radiologic technologist, Cambridge Bone & Joint is a family-owned, community-based medical practice, dedicated to delivering high quality […]

OSDC Featured in Heartland Bank’s Money Matters Magazine

OSDC is proud to have partnered with Heartland Bank to provide an SBA 504 loan to Edgework Creative, a custom furniture manufacturer in Columbus. OSDC and Heartland helped Edgework Creative purchase a new building for their growing business and complete renovations to include a proper shop, office space, and warehouse. Read more about their amazing […]

OSDC’S Economic Impact in Ohio

OSDC underwent significant change in 2023, including the appointment of a new Board President and Executive Director, as well as dramatic growth in our small business lending portfolio. We’re helping more businesses in more places in Ohio than ever before. Insight from our diverse and creative borrowers is informing the new lending programs we’re building […]