SBA 504


The SBA 504 is designed for small businesses that want to invest in expansion but still maintain cash for working capital. As such, it provides fixed, below-market interest rates with longer loan term options and lower down payment requirements.

SBA 504 loans are provided in conjunction with a bank or other primary lender, financing up 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: Sulens Dental Studio

Website: https://sulensdentalstudio.com/ Location: Zanesville County: Muskingum Lending Partner: Park National Bank Dr. Michael T. Sulens is a Zanesville native who is passionate about serving his hometown. He formed Sulens Dental Studio to provide expanded cosmetic and general dentistry services to the area.  OSDC worked with Century National Bank, a division of Park National Bank, to secure […]

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: Healing Hearts Counseling Center

Website: https://www.healingheartscc.com/ Location: Mansfield County: Richland Lending Partner: Park National Bank Healing Hearts Counseling Center is a behavioral health and wellness center with two locations in central Ohio in Mansfield and Reynoldsburg. They provide alcohol and substance abuse treatment, mental health services, and trauma and wellness support. The company was founded in 2007 and is a certified Women […]

Borrower Spotlight: Northstar Café

Website: https://www.thenorthstarcafe.com/location/northstar-cafe-westerville/ Location: Westerville County: Franklin Lending Partner: PNC Bank Northstar Café is a fast casual restaurant that uses certified organic foods and ingredients and makes sauces and breads from scratch on site. There are six Northstar Café locations across Ohio. The restaurants have received numerous awards for best restaurant, best dishes, and excellence in architecture, among many […]

Borrower Spotlight: UMD Automated Systems

Website: https://www.umdautomatedsystems.com/ Location: Fredicktown County: Knox Lending Partner: Park National Bank UMD Automated Systems creates modular material handling and conveyer systems. They work with all types of industrial companies across the world, but their expertise is primarily in working with the tire, rubber, and automotive industries.  OSDC worked with First Knox National Bank, a division […]

Borrower Spotlight: Acoustic Ceiling and Partition

Website: https://acpohio.com/ Location: Westerville County: Franklin Lending Partner: First Merit Bank Acoustic Ceiling and Partition supplies and installs all types of acoustic and specialty ceilings. They also provide insulation, vapor barriers, carpentry, and interior finishings. ACP is a veteran owned small business and has been recognized by Columbus Business First as one of the fastest growing companies […]