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News & Press: Industry News

Small Business Loans Available to Ohio Companies

Monday, March 23, 2020   (0 Comments)
Posted by: Alana Settle
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Ohio companies affected by the COVID-19 pandemic are now eligible to apply for low-interest, Economic Injury Disaster Loans available through the Small Business Administration.

  • Loans can be used to help meet financial obligations and operating expenses, such as fixed debts, payroll, accounts payable, and other bills
  • Loan limit is $2 million
  • Interest rate is 3.75% for small businesses
  • Deadline to apply is December 21, 2020
  • Download a printable fact sheet

To APPLY: Visit this website for more information and to apply online or call 1-800-659-2955.

Currently, there is no funding cap on how many businesses can receive loans, which means all of Ohio’s 950,000 eligible small businesses can apply.  Businesses whose applications are denied will be contacted within 48 hours for additional help.

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