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The 166 Direct Loan (Ohio)

Eligibility 
Agricultural
Commercial
Fuel Distributor
Industrial
Retail Supplier
Systems Integrator
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Ohio
Program Type 
Loan Program
Provider 
Ohio Department of Development

The 166 Direct Loan provides loans for land and building acquisition, expansion or renovation, and equipment purchase. This program may finance up to 50% of allowable project costs with loans ranging in size from $500,000 to $1,500,000. Development requires the creation or retention, within a three-year period, of one job for each $35,000 of 166 Direct Loan proceeds.