Small Business Loans
The City has two loan funds available for uses such as permanent working capital, purchasing real estate or equipment, and refinancing existing debt.
The MicroCity fund provides loans to small businesses in amounts up to $35,000. It is used to encourage expansion by providing “gap” debt financing. Funding is available to successful growing or emerging small businesses that meet our underwriting requirements and are located within the City of Cincinnati.
The Grow Cincinnati Fund was created to provide capital for fixed assets, working capital, and eligible refinancing to small businesses located in the City of Cincinnati. It is used to encourage expansion and increase the capacity of small business by providing ‘gap’ debt financing and access to technical assistance. Funding is available to successful growing or emerging small businesses that meet our underwriting requirements.
The SBA 504 Loan Program provides long-term fixed-asset financing at an attractive interest rate administered by the Hamilton County Development Company. 504 Program provides subordinated, fixed interest rate, long-term loans for up to 40% of project costs or $5,000,000 (up to $5.5 million in special cases). Terms are 10 and 20 years, depending on the economic life of the asset being financed.
Community Development Block Grant Float Loan (CDBG)
The CDBG Float Loan is used to provide short-term low cost financing for construction and CDBG eligible projects. For more information pleas contact firstname.lastname@example.org