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SBA 504 |
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 […]
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: The Book Loft of German Village
Website: https://www.bookloft.com/ 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: Cambridge Bone & Joint
Website: https://www.pgseo.org/Providers/Cambridge-Bone-and-Joint-67/ 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 […]
Borrower Spotlight: Dean Orthodontics
Website: Dean Orthodontics – Get Wired Location: Zanesville County: Muskingum Lending Partner: Peoples Bank Dean Orthodontics is a well-respected orthodontics provider with a strong community reputation and two offices in Ohio; the main office located in Zanesville and a satellite office located in Cambridge, Ohio. They have been in operations since 2012, providing corrective orthodontic […]
Borrower Spotlight: Kiwi’s Clubhouse
Website: Kiwi’s Clubhouse offers Flexible Childcare in Columbus (kiwisclubhouse.com) Location: Lewis Center County: Delaware Lending Partner: Civista Bank Kiwi’s Clubhouse is a childcare provider with locations in Lewis Center and Gahanna, Ohio that has been in operation for 17 years, serving the greater Columbus metropolitan area. They provide flexible daycare options including part-time and full-time […]
Borrower Spotlight: Pearl Aesthetics & Wellness
Website: Pearl | Medical Spa | Custom anti-aging & wellness services | Lancaster (pearlnp.com) Location: Lancaster County: Fairfield Lending Partner: Park National Bank Pearl Aesthetics & Wellness is a full-service boutique medical spa located in Lancaster, Ohio that provides quality medical spa services including botox, dermal fillers, chemical peels and microneedling, helping clients nurture and […]
Borrower Spotlight: Fredericktown Veterinary Clinic
Website: Veterinarian in Fredericktown, OH | Fredericktown Veterinary Clinic (fredericktownvetinc.com) Location: Fredericktown County: Knox Lending Partner: PNC Bank Fredericktown Veterinary Clinic is a full-service farm and companion animal hospital located in Fredericktown, Ohio. The clinic was originally founded in 1954 and has facilities to accommodate large and small animals in-clinic and offers a wide variety […]