| 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: | SBA 504 |
| Lending Limits: | Direct Loan to For-Profit Businesses Maximum: $1Million or 40% of Total Project Cost |
| Business Locations: | Athens, Gallia, Hocking, Lawrence, Meigs, Monroe, Noble, Scioto, Washington |
| Eligible Businesses: | Retail, Commercial, Service, Distribution, Manufacturing |
| Loan Uses, Eligible: | Land, Existing Building and Lot, Grading, Utilities and Landscape Improvements, Construction, Renovation, Machinery and Equipment, Interest, Direct Costs for Project |
| Ineligible Loan Uses: | Net Worth Must be Below $6 Million, Annual Profits Must be Below $2 Million, Working Capital, Rolling Stock, Existing Debt, Restictions by Law |
| Term of Loan & Interest: | Refundable Application Fee: $500, Financed Procession, Fee: 2.75% on 504 Amount, Tied to T-Bonds and Includes Annual Servicing Fee, Closing: $1,800(Average), Equipment: 10 Years, Real Estate: 20 Years |
| Jobs Requirement: | 1 Job for Each $35,000 of 504 Financing |
| Source of Funding: | Small Business Administration
|
| 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.
|
| Loan Program: | SBA Prequalification Loan Program |
| Lending Limits: | Up to $250,000 |
| Business Locations: | Athens, Gallia, Hocking, Lawrence, Meigs, Monroe, Noble, Scioto, Washington |
| Eligible Businesses: | Retail, Service, Commercial, Manufacturing, Distribution |
| Loan Uses, Eligible: | Real Estate, Equipment, Working Capital, Inventory, For any Rural Business |
| Ineligible Loan Uses: | Speculative Activities, Restrictions by Law and S.B.A. |
| Term of Loan & Interest: | Application Fee: $400, S.B.A. Fee: 2% - 3%, Rate: Fixed or Floating, Working Capital: 5 - 7 Years, Equipment: 5 - 15 Years, Real Estate: 15 - 25 Years |
| Jobs Requirement: | Job Creation/Retention |
| Source of Funding: | Small Business Administration |