Borrower Spotlight: North Central Fabrication
Website: https://northcentralfabrication.com/ Location: Mansfield County: Richland Lending Partner: Park National Bank North Central Fabrication provides structural steel, joist & deck, and miscellaneous metals for projects related to education, retail, healthcare, industrial, and amusement park industries. Its main office is in Mansfield, Ohio, but they work on projects across the United States. OSDC worked with Park […]
Borrower Spotlight: Modo Yoga
Website: https://modoyoga.com/columbus/ Location: Columbus County: Franklin Lending Partner: Park National Bank Modo Yoga Columbus is an independently operated franchise of Modo Yoga International, providing a variety of community-driven yoga classes. Modo Yoga Columbus opened its first franchise in Grandview in 2015 and expanded to a second location in Clintonville in 2024 to better serve its […]
Are You Ready to Grow?
4 Questions Every Small Business Owner Should Ask The most recent topic at the OSDC Means Business Happy Hour Series was all about knowing when it’s time to grow. For small business owners, scaling too fast or without the right foundation can lead to burnout, financial strain, or even collapse. How do you avoid that? […]
Borrower Spotlight: Site Waste Service, LLC
Website: https://wrightmaterial.com/ Location: Columbus, OH County: Franklin Lending Partner: Park National Bank Site Waste Service and Wright Material Solutions are home-grown Columbus, Ohio businesses serving the construction industry. They provide dumpster services, haul materials and waste to and from sites, and offer demolition services. Originally located in Franklinton, the companies are now located in south […]
Navigating Green Energy Financing: How Small Businesses Can Achieve Their Sustainability Goals with Traditional Financing Tools
The Inflation Reduction Act (IRA) promised new financing programs for small businesses looking to embrace green energy solutions. Many had hoped to leverage IRA funding to make their operations more energy-efficient, reduce carbon footprints, and lower utility costs. However, with several IRA green energy financing programs unavailable due to federal funding freezes and legal challenges, […]
Navigating SBA Policy Changes – What You Need to Know
The U.S. Small Business Administration (SBA) has long been a crucial ally for small businesses, providing financial support and resources to help them grow and succeed. Recently, the SBA has introduced several policy changes that have understandably created some uncertainty among small business owners. While some of these changes may seem daunting, the good news […]
Borrower Spotlight: Manifold & Phalor, Inc.
Website: https://www.manifoldphalor.com/ Location: Canal Winchester County: Fairfield Lending Partner: The Savings Bank Manifold & Phalor is a manufacturer in Canal Winchester, Ohio providing Design, welding, fabrication, and machining repair services for the energy, military, and commercial aviation sectors. Founded in 1946, they provide Original Equipment Manufacturing (OEM) services, welding, cleaning, and repair for machine components […]
OSDC Means Business: Defining Growth in Ohio
Ohio has long been recognized for its thriving metropolitan centers, particularly the “Three C’s”(Cincinnati, Cleveland, and Columbus). These cities have been Ohio’s economic powerhouses, but recent trends suggest that Ohio’s growth story is shifting. Economic development efforts are driving new opportunities across the state, with industries outside the Three C’s taking center stage in ways […]
How CDFIs Prepare Small Businesses for Financing
Small businesses are the backbone of our economy, but accessing the right financial support can be a daunting task. Entrepreneurs often face roadblocks when trying to secure funding, especially if they lack a lengthy credit history or need more robust financials. This is where Community Development Financial Institutions (CDFIs) step in. They serve as the […]
OSDC Means Business Session #1: Defining Growth in Ohio
The first session of the OSDC Means Business Series, Defining Growth in Ohio, is fast approaching and shaping up to be an excellent and informative event. You know Ohio is on the rise – from the climate resilience of the Great Lakes region to the tech boom in Central Ohio and the ecotourism resurgence in […]