Ohio operates four small business financing programs: one loan participation program, one collateral support program and two equity/venture capital programs. The Ohio Department of Development (Development) is the implementing entity for the state and the program administrator for all four programs.
The Toledo Business Growth Fund offers small business loans at competitive interest rates to support established companies looking to grow or scale. The program targets businesses located in downtown Toledo and designated revitalization areas, with a focus on driving business growth and neighborhood investment.
Is your small business looking for a working capital loan to cover expenses like equipment upgrades, payroll or other operational costs? The Small Business Catalyst Fund is offering working capital financing from $10,000 - $750,000 for eligible small businesses operating in select areas across Ohio.
The Community Development Financial Institution Loan Participation Program provides up to $1 million in funding for Ohio-based small businesses at prime minus 0.25% interest, with terms of up to 10 years. Loans can be used for business expansion, working capital, hiring, real estate, marketing, R&D and more.
