| Loan Program: | Ohio Appalachian Microloan |
| Lending Limits: | $200 - $35,000, Total Financing less than $105,000 |
| Business Locations: | Adams, Ashland, Athens, Belmont, Brown, Carroll, Columbiana, Coshocton, Gallia, Guernsey, Harrison, Highland, Hocking, Holmes, Jackson, Jefferson, Knox, Lawrence, Meigs, Monroe, Morgan, Muskingum, Noble, Perry, Pike, Ross, Scioto, Tuscarawas, Vinton, Washington |
| Eligible Businesses: | Retail, Service, Commercial, Wholesale, Manufacturing |
| Loan Uses, Eligible: | Working Capital - 6 Mo Equipment, Machinery, Furniture, Fixtures, Inventory, Supplies |
| Ineligible Loan Uses: | Existing Debt, Speculative Activities, Land, Building, Restrictions by Law and S.B.A. |
| Term of Loan & Interest: | Rate: 12.50% A.P.R., Flexible Terms up to 6 Years |
| Jobs Requirement: | Job Creation/Retention |
| Source of Funding: | Ohio Department of Development
|
| Loan Program: | Rural Development Revolving Loan Fund |
| Lending Limits: | Up to $150,000 or 75% of Total Project |
| Business Locations: | Adams, Ashland, Athens, Belmont, Brown, Carroll, Columbiana, Coshocton, Gallia, Guernsey, Harrison, Highland, Hocking, Holmes, Jackson, Jefferson, Knox, Lawrence, Meigs, Monroe, Morgan, Muskingum, Noble, Perry, Pike, Ross, Scioto, Tuscarawas, Vinton, Washington and Towns with a Population of Less Than 25,000 |
| Eligible Businesses: | Retail, Service, Commercial, Distribution, Manufacturing |
| Loan Uses, Eligible: | Start-up or Expansion, Land, Building, Acquisition, Improvements, Machinery and Equipment and Working Capital |
| Ineligible Loan Uses: | Transfer of Ownership, Project That Violates EPA Regulations, Existing Debt, Speculative Activities, USDA Restrictions |
| Term of Loan & Interest: | Useful Life, Machinery and Equipment: 7 Years, Real Estate: 15 Years, Rate: 2 Plus Prime |
| Jobs Requirement: | Job Creation/Retention |
| Source of Funding: | Rural Development U.S.D.A. |