Everything You Need To Know About Small Business Grants and More

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Ohio Dept of Development The Ohio Department of Development, funded by the state of Ohio, has several grant and loan programs for businesses in Ohio that need financial help with land/building acquisition, technology costs, equipment purchases, expansion, renovation, construction and more. The 166 Direct Loan program provides loans for land and building acquisition, expansion or renovation, and equipment purchase, and the Innovation Ohio Loan Fund Program provides loans for acquisition, construction, and related costs of technology, facilities, and equipment purchase. The Ohio Capital Access Program encourages state chartered financial institutions to make loans to for-profit or nonprofit small businesses that are creating or retaining jobs by establishing a unique reserve account at lending institutions. The state, the lender, and the business each make a small contribution to the account. The reserve account is available to the lender for recovery of losses associated with any loan the lender has enrolled in the program. Other programs include the Ohio Enterprise Bond Fund, the Minority Business Direct Loan program, the Minority Business Bonding program, Regional 166 Direct Loan, and more. Award Amount: Varies Deadline: Varies Website: www.development.ohio.gov/Business/Loans_Grants.htm

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