The program provides fixed, low-interest rate loans to certified minority-owned businesses that are purchasing or improving fixed assets resulting in the creation of new jobs for Ohioans.
Eligible borrowers include any operating business certified by the State of Ohio as a Minority Business Enterprise (MBE) and demonstrate that its fixed-asset expansion/retention project will create or retain jobs for Ohioans. The business must have its principal place of business and its business operations located in Ohio.
The Minority Business Direct Loan Program may lend funds to businesses engaged in commerce, manufacturing, research and development, or distribution.
Location: Columbus, OH