Project financing is a critical aspect to any investment project, no matter how large or small. OCIC has access to several different financing tools, which offer creative structures, competitive rates and terms, and compatibility with private lender programs.
COMMUNITY DEVELOPMENT
BLOCK GRANT
Gap Financing; Fixed Rates;
Terms up to 10 Years;
Funds Projects that hire Low-to-Moderate Income Employees;
Private Lender Participation & Business Equity Required
OCIC REVOLVING LOAN
FUND PROGRAM
Gap Financing & Down-payment Assistance;
Fixed Rates;
3-5 Year Term;
Private Lender Participation & Business Equity Required
SBA 504
LOAN PROGRAM
40% Gap Financing, backed by Small Business Administration;
Fixed Rates;
Private Lender Participation & Business Equity Required
OHIO REGIONAL 166
LOAN PROGRAM
Finances Fixed Assets (land, building, Machinery & Equipment);
40% Gap Financing;
Private Lender Participation & Business Equity Required
Additional financing options are available from partners:
JobsOhio; Toledo-Lucas County Port Authority; USDA
SNAPSHOT OF FUNDING AWARDS
AJS
LOGISTICS
Genoa, OH
OCIC RLF
Funding
ALA CARTE
CAFE
Port Clinton, OH
OCIC RLF Funding; Community Development Block Grant
CHIPMATIC TOOL &
MACHINE
Elmore, OH
Community Development
Block Grant
CIAO
BELLA
RISTORANTE
Port Clinton, OH
OCIC RLF Funding
GENOA
CHEVROLET
DEALERSHIP
Genoa, OH
Community Development Block Grant
NAGOYA JAPANESE
STEAKHOUSE & SUSHI
Port Clinton, OH
OCIC RLF Funding
RAYZ
CAFE
Genoa, OH
Community Development Block Grant
TRISH McCARTNEY
STATE FARM AGENT
Port Clinton, OH
OCIC RLF Funding
