Regional Programs | City of Belpre
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Regional Programs

166 Regional Loan Program

Type Direct loan to business
Eligible Businesses: Primarily manufacturing and distribution businesses
Use: Land acquisition and improvements, purchase or remodeling of a building, construction of or addition to a building, purchase machinery or equipment
Maximum: 40% of project cost up to $200,000; 30% of project cost up to $350,000.
Term: Same as bank term; maximum term 15 years
Rates 2-3 of prime, fixed rate
Equity Minimum 10% equity investment
Job Creation One job for each $15,000 of 166 financing
Bank Loan 50% of project cost; fixed or floating rate
Fees Application fee; up-front processing: 1.5%; annual: .25% servicing fee
Contact:
ACEnet Ventures
Columbus Rd.
Athens, Ohio 45701
740-592-3854

Appalachian Child Day Care Microenterprise Program

Type Direct loan to business
Eligible Businesses: Licensed Type A and B family day care providers; licensed day care centers
Use Working capital; salaries for staff; inventory and supplies; equipment; minor remodeling-upgrading to meet health and safety requirements
Maximum $25,000
Term Maximum term five years; flexible based on need, size of loan, repayment ability
Rates Prime rate plus 2% at time of approval
Equity 5% preferred; demonstrated sweat equity
Fees Application fee, $100; closing fees of 2% of total loan amount; all applicable closing costs
Contact:
Enterprise Development Corporation
9030 Hocking Hills Drive
The Plains, OH 45780
phone: 740-797-9646 · fax: 740-797-9659

Appalachian Ohio Microloan Program

Type Direct loan to business
Eligible Businesses: Retail, commercial, manufacturing, distribution or service
Size Standards Must have fewer than 500 employees
Use Purchase of machinery and equipment, furniture and fixtures, inventory and supplies, advertising and promotion materials, remodeling expenses, working capital up to six (6) months
Maximum Up to $25,000
Term May range from six (6) months to six (6) years
Rates Range from 11% to 12.75%
Equity Minimum five percent (5%); all loans require enough collateral to completely secure the amount borrowed
Bank Loan None, this loan program is available to help women, minorities and low-income individuals who cannot get business loans from banks; for loans between $15,000 and $25,000 must have proof of denial from two banks
Fees Application fee; technical assistance fee: 1% of the loan, up to $100; closing costs
Contact:

Enterprise Development Corporation
9030 Hocking Hills Drive
The Plains, OH 45780
phone: 740-797-9646 · fax: 740-797-9659

Buckeye Hills-Hocking Valley Regional Development District
ARC Revolving Loan Fund

Type Direct loan to business
Eligible Businesses: Retail, commercial, manufacturing, distribution or service
Use Land acquisition and improvements, purchase or remodeling of a building, construction of or addition to a building, purchase machinery or equipment, working capital, start-up capital
Maximum 50% of project cost, up to $100,000
Term Useful life of machinery and equipment; up to 12 years for real estate
Rates Half of Prime, minimum 4%
Equity Minimum 10% equity investment for existing businesses; 20% equity for start-up businesses
Job Creation One job for each $15,000 of RLF financing
Fees Loan origination fee ($100); loan processing fee ($250); 1% servicing fee
Contact:

Buckeye Hills-Hocking Valley Regional Development District
Route 1, PO Box 299D
Marietta, OH 45750
phone: 740-374-9436 · fax: 740-374-8038

Buckeye Hills-Hocking Valley Regional Development District FmHA Revolving Loan Fund

Type Direct loan to business
Eligible Businesses: Retail, commercial, manufacturing, distribution or service
Use Land acquisition and improvements, purchase or remodeling of a building, construction of or addition to a building, purchase machinery or equipment, working capital, start-up capital
Maximum 50% of project cost, up to $162,700
Term Useful life of machinery and equipment; up to 12 years for real estate
Rates Half of Prime, minimum 4%
Equity Minimum 10% equity investment for existing businesses; 20% equity for start-up businesses
Job Creation One job for each $15,000 of RLF financing
Bank Loan
Fees Loan origination fee ($100); loan processing fee ($250); 1% servicing fee
Contact:

Buckeye Hills-Hocking Valley Regional Development District
Route 1, PO Box 299D
Marietta, OH 45750
phone: 740-374-9436 · fax: 740-374-8038

Appalachian Rural Economic & Community Development Services Revolving Loan Fund

Type Direct loan to business
Eligible Businesses: Retail, commercial, manufacturing, distribution or service
Size Standards Must have 500 or fewer employees
Use Land acquisition and improvements, purchase or remodeling of a building, construction of or addition to a building, purchase of machinery or equipment, leasehold improvements, inventory, working capital, start-up operational costs
Maximum 75% of project cost, up to $150,000
Term Useful life (up to seven years) when purchasing equipment; up to 15 years when purchasing real estate with loan proceeds
Rates Prime rate plus 2%, may match lender rate
Equity Prefer a 5% minimum
Job Creation
Bank Loan Participation is initially (25% – 50%) by traditional lender or Non-EDC source; the Revolving Loan Fund is used for gap financing
Fees Application fee, $100; closing fees, 2% of total loan amount; all applicable closing costs
Contact:
Enterprise Development Corporation
9030 Hocking Hills Drive
The Plains, OH 45780
phone: 740-797-9646 · fax: 740-797-9659