Community Development Block Grant:
Projects that create or retain at least five full-time permanent jobs and help in development or revitalization of local communities are eligible for loans and/or grants from local and state governments.
Linked Deposit Program:
The program provides fixed assets, working capital, and refinanced debt for small businesses that create or retain full-time permanent jobs. A similar Agricultural Linked Deposit Program provides funds for Ohio farmers to help meet planning deadlines.
OSDC/SBA 504 Loan:
Businesses with net worth of less than $6 million, or after-tax net profit average under $2 million, are eligible for this loan. This loan may be used only for fixed assets (land, building, and fixed equipment.) The project must create one Ohio job for every $35,000 received with this loan.
Low Doc Loan Program:
This U.S. Small Business Administration loan program is designed to assist businesses needing to borrow $100,000 or less. Loans can be used for real estate purchase or improvements, equipment, or working capital. The documentation for these funds has been simplified; therefore the program has been named “Low Doc”.