Borrower Spotlight: Defifoods Group International, Inc.
Website: https://defifoods.com/ Location: Defiance County: Defiance Lending Partner: Citizens National Bank Defifoods Group International is minority-owned family business that manufactures private label chocolates and other confections. They create a variety of organic chocolates using ethically grown cocoa sourced throughout the world. They moved their production and warehouse operations to Defiance in 2022 to better serve […]
Announcing CorFund: Ohio’s First Loan Guarantee Program for Non-Profit Lenders
Small businesses are the heart of Ohio’s economy, driving job creation, fostering community vitality, and sparking local innovation. To help these essential businesses thrive, we proudly introduce the CorFund Loan Guarantee Program, a groundbreaking initiative designed to empower non-profit lenders supporting Ohio’s smallest businesses. THE HEART OF OHIO’S SMALL BUSINESS GROWTH Small businesses […]
How Veterans Can Successfully Apply for SBA Loans
Veteran entrepreneurs are crucial contributors to the U.S. economy, driving innovation and showcasing the resilience that stems from their military service. With over 2.5 million businesses in the U.S. being veteran-owned, these individuals embody the spirit of innovation, dedication, and service. For veterans looking to fund their ventures, small business loans for veterans through the […]
OSDC Delivers New Green Energy Financing to Ohio
COLUMBUS, Ohio (October 23, 2024) The Ohio State Development Corporation (OSDC) is pleased to announce it is the first lender in Ohio to utilize the U.S. Small Business Administration’s (SBA) 504 Green Energy Loan Program under its expanded rules. OSDC helped a minority-owned small business in the Columbus, Ohio region invest in energy efficiency upgrades […]
Tips for a Successful SBA Loan Application for Food Industries: How to Secure Financing
In order to secure most small business loans, businesses have to provide three years of financial data to demonstrate that they can earn enough to make their monthly loan payment. However, for food industry businesses, the last few years may not be indicative of typical performance because of several pandemic-era relief programs and changes […]
Borrower Spotlight: Buckeye Metal Finishing
Website: https://www.buckeyemetalfinishing.com/ Location: Dayton County: Montgomery Lending Partner: Wright-Patt Credit Union Buckeye Metal Finishing is a veteran-owned business in Dayton, Ohio serving the aerospace and defense industries. Established in 2013, they are accredited by the National Aerospace and Defense Contractors Accreditation Program (NADCAP) to provide specialty metal painting and finishing services for projects related to commercial aviation, military use, […]
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 […]
OSDC Announces Mark Klettlinger as new Director of Lending
FOR IMMEDIATE RELEASE: July 31, 2024 Ohio Statewide Development Corporation Welcomes Mark Klettlinger as New Director of Lending COLUMBUS – The Ohio State Development Corporation (OSDC) is pleased to announce the appointment of Mark Klettlinger as the new Director of Lending. Most recently, Mark served at Heartland Bank as Vice President, Commercial […]
Borrower Spotlight: JLD Contruction
Website: https://www.jld-construction.com/ Location: Columbus County: Franklin Lending Partner: Buckeye State Bank JLD Construction is a heavy construction equipment company based in Columbus, Ohio working primarily on highway, airport, and commercial projects. They are a veteran-owned and minority-owned small business focused on bringing expanded diversity and experience to modernize Ohio’s construction industry. OSDC worked with Buckeye State Bank to secure […]
How to Find the Right Banker for Your Small Business
A common misconception is that a bank is just a place for your checking account. However, almost every bank has dedicated business bankers who can offer much more, especially for small businesses. These professionals help manage cash flow, assist with payroll, and provide strategic advice on taxes and debt management. They can even help […]