Areas Served: Huron, Ottawa, Sandusky, Seneca, Wood Counties
This loan fund is targeted to new and existing small businesses with five or fewer employees.
The goal of the program is to create jobs for low-moderate income individuals.
Benefits – The creation of new and projected employment opportunities which match the abilities of the target area’s unemployed and underemployed, and which provide sufficient income to sustain families within the area’s rural communities.
– The creation and retention of viable businesses within the target area.
– Last resort financing.
– Gap financing.
Eligibility Requirements Documentation of low-moderate income job creation/retention is required of business owner.
Uses: Furniture, Fixtures, Machinery/Equipment, Supplies, Inventory, Vehicles, Insurance, Minor Building Improvements, and Working Capital (no acquisition of real estate, major construction, re-financing of existing debt, or franchises) Maximum to Borrow: $10,000 Type of Entity: Private for Profits Rates: Prime (minimum of 9%) at time of loan approval Terms: Maximum of five years Eligible Counties Huron, Ottawa, Sandusky, Seneca, Wood
Contact Information
WSOS Community Action Commission
Address: 109 S Front Street
City: Fremont
State: Ohio
Website:
https://www.wsos.org/
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