At Ohio Statewide Development Corporation (OSDC), our mission is to help small business grow and prosper… and that goes beyond just providing loans. It means helping businesses when they’re impacted by a major economic disruptor like COVID-19. If you are a small business in need of help because of COVID-19, the following information can help answer some of your questions and get you pointed in the right direction. And if you don’t find the answer you are looking for, please do not hesitate to contact us.
For more detailed information on SBA assistance in response to COVID-19, please visit SBA’s resource center at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options.
Loan Assistance for Small Businesses
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27. The CARES Act contained several provisions to help small businesses respond to strain on cash flow as a result of the COVID-19 outbreak. The links below provide a summary of each loan program with information on how to apply.
Debt Relief for OSDC Borrowers
OSDC is offering debt relief for its existing SBA 504 and Ohio 166 borrowers. Click below to find out more information.
The State of Ohio has a lot of resources to help small businesses during this time. We have started compiling a few helpful links to the Ohio resources available on the page below.