Financing
The staff at AEDG partners with many financial institutions in the community in an effort to deliver a one stop connection for your businesses financial needs. When considering a business start-up or expansion to be certain you take advantage of all the resources that are available to you and contact us.

Regional 166 Loan
The Regional 166 Loan Program provides funding for businesses locating or expanding in Ohio’s rural areas. Eligible projects include land and building acquisition, new construction, renovation or expansion of an existing building, or acquiring new or used machinery and equipment.

SBA 504 Loan
The SBA 504 Loan Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings, and equipment. The business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, the business qualifies as small if it does not have a tangible net worth in excess of $7 million and does not have an average net income in excess of $2.5 million after taxes for the preceding two years. Loans cannot be made to businesses

Community Development Block Grant
CDBG funds can be obtained through the local community (County/City). This program is primarily a “gap” financier designed to participate in conjunction with a private lender(s) for either start up or expansion of business entities.

Allen County Revolving Loan Fund
The Revolving Loan Fund, operated by and through the Port Authority of Allen County is primarily a “gap” financier designed to participate in conjunction with a private lender(s) for either start up or expansion of business entities located with in the confines of Allen County, Ohio.

USDA Business & Industrial Loan Guarantees
80% loan guarantee to private lender that is applicable to both expansions and start up ventures. Can be used for fixed asset purchase or term working capital.

Loan range between $500,000 and $10M.

For use in towns under 50,000 population or rural areas.

Ohio Enterprise Bond Fund
Long term funding (up to 25 years) for large projects. Will finance land, buildings, construction and capital equipment. Will fund up to 90% of total project cost.

Project Range - $1M to $10M

Job Creation Requirement - Can be used for both job creation and job retention projects. Each loan is evaluated on its own merits.

Linked Deposit Program
Provides an interest rate of reduction on bank loans for fixed assets, working capital and refinanced debt for small businesses creating or retaining jobs. Applications are accepted year round. The deadline is March each year.

The rate is fixed and reduced with no fees. Eligibility includes: must have office and operating facilities exclusively in Ohio, create and/or save at least one full-time equivalent job for every $25,000 received in the project, have 150 or fewer employees, be organized for profit and have bank loan from eligible state depository.

The borrowing entity must also be the same entity saving and/or creating jobs. Each business is eligible for up to $250,000.

The loan is 3 percent below current lending rate fixed for two years. Businesses may participate four out of every six years.

Public Affairs Office, Treasurer of State at www.ohiotreasurer.org for complete information and applications.

Or contact AEDG at 419.222.7706.