OH 166

The Ohio 166 is a State-backed loan designed for small businesses that want to invest in expansion but still maintain cash for working capital. As such, it provides longer loan terms at fixed, below-market interest rates with lower down payment requirements.

Ohio 166 loans are provided in conjunction with a bank or other primary lender, financing up to 30 to 40% of the total cost of commercial real estate projects and equipment purchases. These features are ideal for a wide range of businesses, even if they already qualify for a conventional loan.

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: Right Way Medical

Website: https://rightwaymed.com/ Location: Westerville County: Franklin Lending Partner: Huntington National Bank Right Way Medical is a medical supply company that provides disposable medical supplies and infusion pumps to medical facilities, pharmacies, and other healthcare groups. They sell equipment, offer repair services, and provide technical assistance and support.  OSDC worked with Huntington National Bank to provide low-interest equipment financing […]

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: West Roofing Systems

Website: https://westroofingsystems.com/ Location: LaGrange County: Lorain Lending Partner: Buckeye Community Bank West Roofing Systems, Inc. is a roofing contractor specializing in the application of spray polyurethane foam (SPF) roofing systems that waterproof, insulate, and protect commercial and industrial buildings. They are based in northern Ohio and work with companies in Indiana, Kentucky, Ohio, Michigan, New York, Pennsylvania, and […]

Borrower Spotlight: Zip Tool & Die Co., Inc.

Website: http://www.ziptool.com Location: Cleveland County: Cuyahoga Lending Partner: Buckeye Community Bank Zip Tool & Die is a family-owned business founded in1968. The company is a one-stop shop, specializing in high-quality and value-added Engineering, Prototyping, Metal Forming, Metal Stamping and Tool & Die solutions.   OSDC worked with Buckeye Community Bank to utilize the Ohio 166 Regional Direct Loan […]