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Ohio Department of Development Financing Programs Ohio Economic Development Association Office of Financial Incentives October 14, 2009

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Direct 166 Loan Program

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  • 6. Ohio Department of Development Financing Programs Ohio Economic Development Association Office of Financial Incentives October 14, 2009

Notas do Editor

  1. The program requires the creation or retention of one job for each $15,000 of loan proceeds within a 3 year period. There is a Priority Investment Area map for eligible areas. The office of Strategic Research updates the map on January 1 st and July 1 st of each year.e
  2. When are personal guarantees required? For privately held companies, occasionally we will consider a Letter of credit in lieu of a personal guarantee. If the company has sales greater than $150 million and impressive financial performance.