Areas Served: Belmont, Columbiana, Coshocton, Guernsey, Harrison, Holmes, Jefferson, Muskingum and Tuscarwas Counties.
OMEGA’s Revolving Loan Fund Program offers fixed below market interest rate loans to Ohio businesses in conjunction with a bank in Belmont, Columbiana, Coshocton, Guernsey, Harrison, Holmes, Jefferson, Muskingum and Tuscarwas Counties.
Such funds are used in the event that full financing cannot be obtained from a bank.
The Revolving Loan Fund Program cannot provide 100% funding for any project.
*Loan amount is based on job creation.
One full-time (equivalent) job must be created for each $25,000 of RLF financing.
Job creation must occur within twelve (12) months of the loan closing.
*Funds can be used for acquisition and improvement of land and buildings, construction, machinery and equipment and limited working capital.
*Eligible business must meet the following requirements: be private-for-profit, located in the OMEGA region, must have suitable bank financing, meet all government requirements and must show full financing cannot be obtained from any other source.
Contact InformationOhio Mid-Eastern Governments Association
Address: 326 Highland Avenue
City: Cambridge
State: Ohio
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