Areas Served: City of Cincinnati Purpose: To increase the creation and expansion of businesses, operated by low-to-moderate income individuals. Increase access to traditional and conventional financing sources to low-to-moderate income individuals. How Much Can Be Borrowed: Loan amounts range from $500 to $20,000. Eligible Businesses: Eligible businesses must be for-profit entities. Ineligible Businesses: Loans to
Read MoreAreas Served: City of Lorain The City of Lorain has established a Revolving Loan Program as a financial incentive to eligible businesses to establish operations in the City of Lorain, Ohio. OBJECTIVES: A. Stimulate development and expansion of new and existing small and medium-sized businesses located within the City of Lorain. B. Provide incentives to
Read MoreAreas Served: City of Norwalk Norwalk Economic Development Corporation offers three loan programs for businesses in Norwalk, Ohio CITY OF NORWALK REVOLVING LOAN FUND The City’s RLF program is designed to provide gap financing for expanding companies that plan to create jobs, particularly for low to moderate income households. Up to 50% of the eligible
Read MoreAreas Served: Allen County Allen Economic Development Group offers two loan programs for businesses in Allen County, Ohio. Allen County Revolving Loan Fund: The Allen County Revolving Loan Fund (RLF) is a flexible source of financing for businesses expanding or locating to Allen County. Loan amounts are subject to the availability of funds. D’Arcy Loan
Read MoreAreas Served: Licking County Licking County and the City of Newark established the RLF to help stimulate economic development and job creation. Under the RFLP, payments of approved loans re-circulate into new loans, economic development, and jobs. The RLF helps overcome gaps in available financing which could inhibit business and industry from obtaining credit and
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