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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 […]
Borrower Spotlight: Michael Byrne Manufacturing
Website: https://byrnegroup.com/ 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: Costume Specialists
Website: https://costumespecialists.com/ 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: Boss Display
Website: Boss Display Location: Columbus County: Franklin Lending Partner: Premier Bank Boss Display Corporation is a specialized manufacturer of interactive exhibits for children that are purchased by museums and other public facilities throughout the world. They are located in Columbus, Ohio and have been in business since 1934, operating out of a 45,000 square foot […]
Borrower Spotlight: Upper Cup Coffee
Website: Upper Cup Coffee Company | Facebook Location: Columbus County: Franklin Lending Partner: Liberty National Bank Upper Cup Coffee is a wholesale coffee roaster and distributor that also has two café locations in Olde Towne East and Gahanna. As the business continued to grow, Upper Cup Coffee saw an opportunity to consolidate their warehousing operations, […]
Borrower Spotlight: Crooked Can Brewery
Website: Crooked Can Brewery & Center Street Market | Hilliard, Ohio (crookedcanohio.com) Location: Hilliard County: Franklin Lending Partner: Telhio Credit Union Crooked Can Brewery is located in Old Hilliard, a historic neighborhood in the greater Columbus region. They replaced a former NAPA Auto Parts store with a new 16,000 square foot building that includes a […]
Borrower Spotlight: Future Polytech, Inc
Website: https://futurepolytech.com/ Location: Coldwater County: Mercer Future Polytech, Inc. is a manufacturer of plastic film and bags for a variety of commercial and industrial applications. Their offerings include general-purpose packaging solutions, extended environmental exposure applications, and shrink films. OSDC worked directly with the borrower to help them finance two separate activities through the Ohio 166 Regional Direct […]
Borrower Spotlight: Irving Equipment
Website: https://www.irvingequipment.net/ Location: Tiffin County: Seneca Lending Partner: First National Bank of Bellevue Irving Equipment, LLC is a family-owned assembler, fabricator, and manufacturer of heavy equipment located in Tiffin, OH. Established in 2003, Irving Equipment manufactures, sells, repairs, and services concrete pump trucks and truck-mounted cranes. OSDC worked with Irving Equipment to provide them with two different loans. […]
Borrower Spotlight: UMD Automated Systems
Website: https://www.umdautomatedsystems.com/ Location: Fredicktown County: Knox Lending Partner: Park National Bank UMD Automated Systems creates modular material handling and conveyer systems. They work with all types of industrial companies across the world, but their expertise is primarily in working with the tire, rubber, and automotive industries. OSDC worked with First Knox National Bank, a division […]