Brownfields Cleanup RLF
Use of Brownfield Cleanup Revolving Loan Fund (BCRFL) dollars is limited to sites that have an actual release or substantial threat of release of a “hazardous substance” into the environment. BCRLF funds may be used at sites that are either publicly owned, either directly by a municipality or indirectly through a quasi-public entity; or privately owned and with clear means of recouping BCRLF expenditures.
The City of Hamilton’s Revolving Loan Fund (RLF) provides low interest loans for expansion projects by private, for-profit businesses occurring in Hamilton. Loans are made primarily for the purchase of machinery and equipment, although purchase, renovation and /or construction of buildings are also eligible.
Design Assistance Program
The City of Hamilton’s Design Assistance Program provides business owners interested in renovating existing buildings with a grant of up to $2,500 to be used for professional architectural/technical services. This program is intended for small businesses, with 30 or less full-time equivalent employees.
Ohio Enterprise Bond Fund
The enterprise bond fund provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing.
Ohio GrowNow Program
When a business is approved for a loan at an eligible bank, GrowNow provides an additional three percent discount on the loan’s already negotiated interest rate. The program can be used by businesses that are organized for profit, have less than 150 employees and are headquartered in Ohio. Maximum loan is $400,000 and there is no application deadline.
Ohio Minority Business Direct Loan Program
The Ohio Minority Business Direct Loan program provides fixed, low-interest rate loans to certified minority-owned businesses that are purchasing or improving fixed assets and creating or retaining jobs.
166 Direct Loan
The 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. The program provides low-interest loans up to $1.5 million.
Regional 166 Direct Loan
The Regional 166 Direct Loan provides loans for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Local economic development agencies administer the program. It provides low-interest loans up to 75% collateral value, not to exceed $500,000.
SBA 504 Loan
The SBA 504 loan offers long-term financing at a below-market rate. Possibilities with this loan include real estate acquisition, new construction, renovation of existing buildings, machinery and equipment acquisition, and project-related soft costs.
Last updated: 5/24/2012 3:49:33 PM