

providing affordable financing

Interesting facts
10%
SBA 504 Loan program conserves working capital by requiring only a 10% borrower contribution.
1 year
providing affordable short-term financing for Agri-Businesses in Lake County
40%
The Ohio 166 Loan Program is a State-funded loan pool that can finance up to 40% of the total project cost.
Loans
The CROP Loan program was created and is aministrated by Lake Development Authority for the purpose of providing affordable short-term financing for Agro-Businesses in Lake County.
The U.S. Small Business Administration 504 Loan program conserves working capital by requiring only a 10% borrower contribution. If you don’t qualify for conventional financing, this may be a solution. The program offers below market fixed interest rates for the life of the loan. Lake Development Authority staff can direct you to the local program administrators (CDCs).
The Ohio 166 Loan Program is a State-funded loan pool that can finance up to 40% of the total cost of a business capital investment project at fixed, below market interest rates with a lower down payment. The Ohio Statewide Development Corporation (OSDC) offers this loan program to businesses (except retail) in all Ohio Counties.