Ala Carte Cafe has been awarded a $20,000 loan from the Ottawa County Community Development Block Grant Revolving Loan Fund program (CDBG RLF) to support the business’s investment in a new HVAC system in downtown Port Clinton. The low interest, fixed rate loan was awarded by the Ottawa County Commissioners Office and Ottawa County Improvement Corporation to support this private sector investment project in the City of Port Clinton’s downtown business district.
“There are many partners working together to support improvements in the downtown area, including the City of Port Clinton and Port Clinton Area Chamber of Commerce/Main Street Port Clinton,” remarked OCIC Director Jamie Beier Grant. “Ottawa County and OCIC are thankful to have programs like the CDBG RLF to assist small business with investment projects that have a positive impact in the community. We are excited to be able to support Ala Carte Café’s investment, which will create energy efficiencies and improve customers dining experience.”
The Ottawa County CDBG RLF and OCIC’s Revolving Loan Fund are two loan programs available for local businesses looking to invest and expansion throughout the county. These programs typically provide down payment assistance and gap financing and serve as a complimentary source of financing together with conventional bank financing. The CDBG RLF program has supported capital investment projects exceeding $1.5 million by local businesses like Genoa Chevrolet (Genoa), Rayz Café (Genoa) and Ala Carte Café (Port Clinton). OCIC’s Revolving Loan Fund program currently has $272,000 in loans with 5 local small businesses. These businesses have invested $2.5 million in expansion activity and 103 full-time equivalent jobs. AJS Logistics (Genoa), Ala Carte Café (Port Clinton), Ciao Bella Ristorante (Port Clinton/Catawba), Trish McCartney – StateFarm Insurance Agency (Port Clinton) and Sloopy’s Sports Café (Lakeside/Port Clinton) are recent businesses using the loan programs.
For more information about either Revolving Loan Fund program, please contact the Ottawa County Improvement Corporation at 419-898-6242.