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 Revolving Loan Fund Program
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; 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; Community Development Block Grant RLF Funding
- Chipmatic Tool & Machine (Elmore, OH) – Community Development Block Grant RLF Funding
- Ciao Bella Ristorante (Port Clinton, OH) – OCIC RLF Funding
- Genoa Chevrolet Dealership (Genoa, OH) – Community Development Block Grant RLF Funding
- Rayz Cafe (Genoa, OH) – Community Development Block Grant RLF Funding
- Sloopy’s Sports Cafe (Lakeside, OH & Port Clinton, OH) – OCIC RLF Funding
