Ohio 166 Direct Loan Program
Status not published
No deadline published.
Capital for expansion projects for companies with limited access to conventional financing: loans typically $500,000 to $1,500,000, terms up to 15 years for real estate and 10 years for machinery and equipment, fixed rate, no prepayment penalty. Requires job creation (typically one job per $35,000 to $75,000 of state loan proceeds) within three years; at least 50% of project costs funded by the borrower and 10% minimum equity.
You must co-fund 50%. Work out the cash you need
JobsOhio and the Ohio Development Services Agency
ppp · regional
Deadline: Open all year — No deadline published.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Moderate — a form and supporting documents.
You fund 50% yourself.
Who can apply
- small enterprises
- Sectors: manufacturing, deeptech
- Stage: growth
- Locally registered entity required
Projects related to commerce, manufacturing, distribution or research in targeted industries; retail and refinancing ineligible. Commitment fee 1.25% (capped at $12,500) and 0.25% annual servicing fee.
How to apply
- Contact JobsOhio via the Get Started page. — link
Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)
Source. https://www.jobsohio.com/incentives-programs/incentives-eligibility-requirements
"The program may finance allowable project costs with 166 Direct Loans typically ranging in size from $500,000 to $1,500,000."
Last checked against the official page on 5 October 2026
Source: www.jobsohio.com
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