Loan Programs

Loan Programs

Ohio Regional 166 Loan

The Ohio Department of Development Regional 166 Loan Program provides a low interest rate financing for fixed assets purchases such as land, building and equipment for  manufacturing, distribution and wholesalers throughout Ohio. A typical transaction consists of 50% bank financing; 40% Ohio 166 loan; and 10% owner equity. Benefits Include:

  • Loans of up to $500,000
  • A term of five to 15 years
  • Current fixed interest rate of 3%

Small Business Administration 504 Loan

The U.S. Small Business Administration 504 Loan provides fixed asset financing to for-profit businesses with a net worth not exceeding $15 million and net after-tax profit of not more than $5 million. A typical transaction consists of 50% bank financing; 40% SBA; and only 10% owner equity injection. The SBA 504 takes a second lien position. This program is available to companies throughout Ohio. Benefits include:

  • Maximum loan of $5 million or up to $5.5 million for manufacturers
  • Terms of either 10 or 20 years
  • Low long-term fixed interest rates

For more information:

Laurie Cantrell
Financing Programs Manager
Email: lcantrell@toledoport.org
Phone: 419.243.8251

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