Areas Served: City of Bowling Green
The City’s Revolving Loan Fund provides loans to Bowling Green, Ohio businesses for start-ups and expansions, resulting in more jobs for low- and moderate-income persons.
The Revolving Loan Fund is used as a supplement to private funding for businesses conducting start-ups and expansions.
These low-interest loans generate a job for each $20,000 loaned.
This program reduces the incidence of poverty in the City by developing jobs that must be filled by low- to moderate-income persons (using Wood County Median Income Eligibility Guidelines).
The loans are issued at two-thirds of the prime-lending rate on the day of closing.
Security is required.
It is anticipated that the program will generate new jobs annually for persons at low- to moderate-income levels.
Contact InformationCity of Bowling Green, Ohio
Address: 304 North Church Street
City: Bowling Green
State: Ohio
Website:
http://www.bgohio.org/departments/municipal-administrator/grants-administration/economic-development/?searchterm=business%20loan
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