Spotlighted Projects and Industry Updates |
A Clean Turn
CleanTurn International, LLC is an established provider of professional and commercial interior demolition and cleaning services. The enterprise is focused on hiring individuals who have faced significant obstacles to employment due to an embattled past. This includes homelessness, incarceration, human trafficking, domestic violence and other challenges. In May of 2019, OSDC and PNC Bank assisted with financing to purchase […]
Historically Low Interest Rates
The effective interest rate for the 20-year SBA 504 program has dipped below four percent for the second consecutive month. This is the lowest rate since the beginning of the program 33 years ago. This is great news for businesses looking to expand to a new location or purchase the equipment needed to elevate their […]
The Inn and Spa at Cedar Falls, LLC
The Inn and Spa at Cedar Falls is nearly surrounded by Hocking Hills State Park in Logan, Ohio. The 75 acres of wooded and landscaped property contains twelve one-room cottages, a 3,000 s.f. barn-like structure with nine sleeping rooms, six 1800’s style log cabins and three yurts. In addition, the property includes a full service […]
Stretching the Goals of Financing, LLC
Judson Beachler has been a personal trainer for 25 years. He took yoga classes from the previous owner of Tri-Fitness in 2005. A couple of months later, purchased the business and founded Tri Fitness/The Yoga Factory LLC. In 2007, he moved the business to 235 East Broadway in Westerville where he still currently operates. Over the […]
New Leadership at the Small Business Administration
Last week, Linda McMahon announced that effective April 12, 2019 she would be stepping down as the Head of the SBA. President Donald Trump is expected to nominate a familiar face to fill the position. Jovita Carranza is the 44th Treasurer of the United States of America and previously served as Deputy Administrator for the […]
The Project of the Year
During this year’s annual awards ceremony, Ohio Statewide Development Corporation recognized Kiddie Academy of Reynoldsburg as its 2018 Project of the Year. Kiddie Academy opened its first childcare center in 1981 in Baltimore, Maryland. In 1992, they began franchising under the Kiddie Academy name with a developed structure of educational based curriculum with a multi-cultural […]
OSDC’s New Loan Officer
Justin Hoffee joined OSDC as a Loan Officer in December of 2018. Justin has over fourteen years of business banking experience in several roles including credit approval officer, portfolio manager, and Small Business Administration (SBA) eligibility officer. With OSDC, he originates loans and sees them through the entire approval process. Justin earned his Bachelor’s Degree […]
OSDC is Open for Business
As the partial shutdown of the federal government enters its fourth week, many have been asking how the shutdown affects OSDC operations. First, OSDC is still open for business and is actively working on new loan requests! Although the SBA is not currently reviewing new applications, OSDC continues to review new loan requests and is […]
OSDC is ringing in the New Year with 25-year fixed interest rates under 5%!
This holiday, we are grateful for all of our partners that helped make 2018 a success. Thank you to all of our customers, our lending partners, and all who have worked with us to provide great financing options to Ohio’s small businesses this year. We wish you a wonderful holiday and look forward to providing […]
Elevating Cleveland
Coast to Coast Equipment: From Scissors to Cranes, LLC was established in 2006 to sell aerial lifts for use in the construction industry. The company started out in the home of the owners, Carolyn Cahlik and Tiffany Tutin. After starting the company in 2006, the Great Recession negatively affected the construction industry causing a sharp drop […]