Areas Served: City of Barberton
The Barberton Community Development Corporation (BCDC), with a significant investment from the Barberton Community Foundation, has established a new fund to support entrepreneurs interested in growing their big ideas into big companies in the City of Barberton, Ohio.
The Barberton Growth Fund offers payment-deferred, low interest loans of up to $50,000. The Barberton Growth fund is for loans up to $50,000 made at the prime rate.
Payments are deferred for three years or until the company closes a significant financing event greater than $1 million.
Sale of the company or more than half its assets or failure to comply with the terms of the agreement (by relocating from the City of Barberton, for example) will also end the deferral.
Eligibility Requirements To be eligible, a company must be a high growth company with excellent prospects for raising future venture capital, be located in the City of Barberton and make application through JumpStart or the JumpStart Entrepreneurial Network.
Contact InformationBarberton Community Development Corporation
Address: 542 W. Tuscarawas Avenue
City: Barberton
State: Ohio
Website:
http://www.bcdc.org/barberton_growth_fund.html
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