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.
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
Huron, Ottawa, Sandusky, Seneca, Wood
Income level cannot exceed the stated income guidelines
Angie McConnell (Loan & Grant Specialist)
219 South Front St.
Fremont, OH 43420
No upcoming events