Loan Amount
$1,500 to $15,000; up to $25,000 with bank turn down.
Eligibility/Use Of Funds
Working capital; inventory; supplies and equipment.
Incentive/Benefit
Access to capital; fixed interest rate.
Rate/Term
- Maximum Loan (Start-Up) $7,500
- Maximum Loan (Existing) $15,000
- Maturities: 90 days to 6 years
Requirements
Meets the following SBA small business criteria:
- Business must be a for-profit corporation, partnership, or
sole proprietorship
- Net worth must not exceed $6 million
- Average net profit after taxes must not exceed $2 million or
the preceding two years. Alternate SBA-7A size standards may
also be used.
- Only businesses occupying and operating within a site
receiving loan proceeds are eligible. Investment landlords are
not eligible.
- An SBA-504 loan is appropriate if total financing for your
project is not available from private sources.
Further Information/Contact
Hamilton County Development Company, Inc.
(513) 631-8292
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