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SBA 504 |
Tips for a Successful SBA Loan Application for Manufacturing and Industrial Industries
Navigating the process of securing an SBA loan can be challenging, especially for businesses in the manufacturing and industrial sectors. However, with the right approach and preparation, you can enhance your chances of success. Here are some essential tips to help you secure an SBA loan for your manufacturing or industrial business, inspired by insights […]
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: Creative Labels
Website: Creative Labels (creative-labels.com) Location: Troy County: Miami Lending Partner: River Valley Credit Union Creative Labels, Inc. is a printer of custom labels for commercial customers in a wide range of industries. They are located in Troy, Ohio and their business has been in operation since 1989, with the current owners owning the company since […]
Borrower Spotlight: The Hance Group
Website: https://matthewhance.exprealty.com/ Location: Lewis Center County: Delaware Lending Partner: KEMBA Financial Credit Union The Hance Group is a Central Ohio residential real estate agency based in Lewis Center and founded in 2021 by Matt Hance. The Hance Group has partnered with EXP Realty, a nationwide real estate brokerage company, to serve Central Ohio. OSDC partnered […]
Borrower Spotlight: Greve Chrysler-Jeep-Dodge
Website: Greve Chrysler Jeep Dodge Ram (grevechryslerjeepdodgeofvanwert.com) Location: Van Wert County: Van Wert Lending Partner: Citizens National Bank Founded in 1986, Greve Chrysler-Jeep-Dodge is a long-established Northwest Ohio car dealership located in Van Wert, Ohio. The business utilizes 3 properties to operate the business, which includes the main dealership building, repair facility, storage, a paved […]