OVRDC Sustainability Loan Program now open, accepting applications

  • October 5, 2020
  • News

OVRDC is now accepting small business loan applications to help sole proprietors and business owners manage cash flow with a low-interest sustainability loan from the EDA CARES Act Revolving Loan Fund.

Interested business owners will complete a Pre-application Questionnaire to begin the process and once eligibility is determined, they will have access to loans from $5,000 to $25,0000 for working capital expenses, without requiring a bank. Other features connected to the program make it easy for businesses to access capital that could help sustain them through the coronavirus downturn, including interest rates as low as 2% and no payment required for the first six months of the loan term.

  • Loans from $5,000 – $25,000 for working capital expenses
  • Interest rates as low as 2%
  • Pay nothing for the first 6 months
  • No bank required
  • Use loan proceeds for day-to-day operating expenses to work through the temporary economic downturn
  • Term 3 – 5 years
  • Low application fee $100

Eligible borrowers include existing, small business owners or sole proprietors with operations located in Adams, Brown, Clermont, Fayette, Gallia, Highland, Jackson, Lawrence, Pike, Ross, Scioto, or Vinton Counties in Ohio. The printable .PDF flyer is attached to this email, please share the information with your small business contacts.

For questions about our Business Sustainability Loan or any other loan products, contact sgilbert@ovrdc.org.