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Loans

Our loan officers specialize in commercial lending. Let them help you with all of your financial needs! They will provide advice and guidance to help your business become established and to grow profitably.

Financing Programs Include:
  • Loans for equipment and computer purchases, inventory management, and operating capital
  • Loans to finance acquisition activities
  • Commercial real estate mortgages to construct, improve, refinance, or purchase property and improvements
  • Ohio Minority Business Direct Loan Program
  • Revolving credit and lines of credit
  • Domestic and international lines of credit
  • Business Visa® Credit Card
Business Loan Programs
USDA - United States Department of Agriculture Rural Development

Business and Industry Guaranteed Loans
Qualifications:

  • Bank loans between $500,000 and $10,000,000
  • Up to 80% of loan is guaranteed against loss
  • Projects create and/or retain jobs
  • Loans for either business expansions or start-ups, includes manufacturing, wholesale, retail or service
  • Loan purposes include real estate, machinery and equipment or term working capital
  • Collateral must be sufficient to protect the interest of the lender and USDA
  • Business must be located in rural area or small towns under 50,000

Community Facility Loan Guarantees
Qualifications:

  • To improve, develop and construct essential community facilities in rural areas including: hospitals, health clinics, nursing homes, fire and police departments, community centers, roads and streets, libraries, schools, criminal justice centers, recreational facilities, etc...
  • Applicants must be non-profit corporations and public bodies such as municipalities, counties, special purpose districts and authorities.
  • Maximum guarantee is 90% although normally the guarantee will not exceed 80%.
Small Business Administration (SBA) Programs

SBA 7A Guarateed Loans

  • Maximum loan amount of $5 million
  • Both fixed and variable interest rate structures are available
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000
Qualifications:

  • Loans to businesses, not individuals
  • May be used to esatblish a new business or assist in the acquisition, operation or expansion of an existing business
  • Maximum loan maturities are 25 years for real estate, up to 10 years for equipment and up to 7 years for working capital

SBA 504 Loans

  • Maximum loan amount of $4 - $5.5 million depending upon how funds will be used and which goal they support: job creation, public policy or small manufacturing
  • Interest rates are pegged to an increment above the current market rate for 5-year and 10-year U.S. Treasury issues
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000
Qualifications:

  • Applicants must operate as a for-profit company and do business in the United States. For a complete list of eligibility requirements, click here.
  • Funds must be used for job creation, meeting public policy goals of energy reduction or alternative fuels or to aid small manufacturing in creating or retaining jobs or in order to improve the economy.
  • Maturity terms or 10 and 20 years are available.
Ohio Department of Development

The Collateral Enhancement Program (CEP)
Designed to enable financing that might otherwise be unavailable due to a collateral shortfall for small businesses, minority- and women-owned businesses, and businesses located in HubZone areas that need access to capital for growth or expansion.
Qualifications:

  • Small businesses with fewer than 250 employees and revenue equal to or less than $20 million.
  • Ohio-based business - new or existing.
  • Maximum cash collateral deposit amount for fixed asset or working capital loans is $1.5 million. Maximum lender loan amount is $5 million. Minimum loan amount for working capital is $100,000.
  • Loans may be used for short-term or long-term owner occupied commercial real estate, equipment purchases, leasehold improvements, refinancing and more. See Eligibility Criteria for a complete list.
Meet Our Lenders
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For an online directory of our commercial lenders

More Information
Learn more about how our commercial loan services can benefit your business today. Call:
1-800-448-0025
Mon. - Fri. 8:30 am - 5 pm EST
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