The TBLF is designed for new and existing businesses with 50 or fewer employees that need small loans. Priority projects will include the following: complying with environmental regulations through installation of new equipment; environmentally sensitive projects involving energy-saving manufacturing processes, use or manufacture of recycled materials, or development of new and emerging environmentally enhancing products; production of agriculturally based products; and smaller micro-business with potential to provide a new service or product.
Uses: Machinery/equipment, furnishings/fixtures, inventory, working capital (no acquisition of real estate, major construction, re-financing of existing debt, or franchises);
Maximum to Borrow: $30,000
Type of Entity: Private for profits
Rates: 2/3 of the current prime (minimum 9%) at time of loan approval
Terms: 3 – 10 years
Fees: $50 application fee plus applicable closing costs and $20 late fee if payment is not received by the 10th of the month, $20 fee for non-sufficient funds
Erie, Huron, Ottawa, Sandusky, Seneca, Wood
Angie McConnell (Loan & Grant Specialist)
219 South Front St.
Fremont, OH 43420
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