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.