The Ohio Department of Development Regional 166 Loan Program provides a low interest rate financing for fixed assets purchases such as land, building and equipment for manufacturing, distribution and wholesalers throughout Ohio. A typical transaction consists of 50% bank financing; 40% Ohio 166 loan; and 10% owner equity. Benefits Include:
- Loans of up to $1 million
- A term of five to 20 years
- Current interest rates as low as 3%
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