The Ohio Department of Development web site is here.

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CAPITAL SOURCES

Commercial Banks

Community Loans/Grants

Credit Unions/Cooperatives

Factoring Companies

Federal Loans/Grants

Finance Companies

Internet Capital Sources

Leasing Companies

Venture Capital

Private Lenders/Investors

State Loans/Grants

Government & Community Assistance to Obtain Money

Name

Brief Description

166 Direct Loan

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Promote economic development, business expansion and, job creation by providing financial assistance for eligible projects in the State of Ohio.

The Ohio Department of Development’s 166 Direct Loan Program provides low-interest loans to businesses willing to commit to creating new jobs or preserving existing employment opportunities in the State of Ohio.

166 Regional Direct Loan

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Promote economic development, business expansion and, job creation by providing financial assistance for eligible projects in the State of Ohio.

The Ohio Department of Development’s 166 Direct Loan Program provides low-interest loans to businesses willing to commit to creating new jobs or preserving existing employment opportunities in the State of Ohio.

Enterprise Bond Fund

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Allows large and small credit worthy, but unrated businesses access to the national capital markets. Through the Ohio Enterprise Bond Fund, the Ohio Department of Development issues bonds, the proceeds of which are provided to businesses for eligible projects in the form of a loan.

The Ohio Enterprise Bond Fund was created to provide long-term, fixed-rate, one-stop project financing for qualifying businesses that create or retain jobs in the state of Ohio.

The Ohio Enterprise Bond Fund enables large and small creditworthy businesses access to capital at costs comparable to those of rated multi-national corporations.

Innovation Ohio Loan Program

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Created to assist existing Ohio companies develop next generation products and services within certain Targeted Industry Sectors by financing the acquisition, construction and related costs of technology, facilities and equipment. Ohio’s manufacturing sector will be a key target of this program. The Innovation Ohio Loan Fund provides competitive financing terms on loans to finance projects that will positively impact Ohio by creating high-value jobs, increased tax revenues, and improve the economic welfare of the State of Ohio.

The Innovation Ohio Loan Fund addresses an identified need in the capital-funding continuum. The Innovation Ohio Loan Fund is intended to supply capital to Ohio companies having difficulty securing funds from conventional sources due to technical and commercial risk factors associated with the development of a new product or service.

Minority Business Direct Loan

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The Ohio Minority Direct Loan Program provides direct loans for businesses locating or expanding in Ohio that demonstrate they will create new jobs for Ohio citizens.Eligible borrowers include any operating business entity which has been certified by the State Equal Opportunity coordinator as a Minority Business Enterprise.

Minority Business Bonding Program

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Provides bid, performance, and payment surety bonds to state certified minority-owned businesses that are unable to obtain bonding through standard surety companies. 

Pioneer Rural Loan Program

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Provides low-interest direct loans, up to $350,000, for businesses locating or expanding in Ohio’s rural areas. Eligible areas include counties with labor surplus, distressed counties and situationally distressed counties. Businesses must demonstrate that they will create new jobs for Ohio citizens in rural areas.

Research & Development Investment Loan Program

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Created to promote economic development, business expansion and job creation by encouraging private-sector Research and Development investments. The Ohio Department of Development’s Research and Development Loan Fund provides assistance in the form of a low-interest loan, partnered with a tax credit.

Financial Resources For Northwest & West Central Ohio Entrepreneurs

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Glossary of Important Financial Terms You Should Understand

MONEY SOURCES

Angel Investors

Commercial Banks

Community Loans

Credit Cards

Credit Unions/Cooperatives

Factoring Companies

Federal Loans/Grants

Finance Companies

Internet Capital Sources

Leasing Companies

Private Lenders/Investors

Trade Credit

Venture Capital

State Loans/Grants

How To Prepare A Business Plan to Obtain Money

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