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Unclaimed
Discovery tool, not advice. Every figure is the published rule, not a decision on your case.
Loans

Innovation Ohio Loan Fund (JobsOhio / Ohio Development Services Agency)

Status

Status not published

No deadline published.

Check with the funder
Amount
$1,500,000

Loans typically $500,000 to $1,500,000, financing up to 75% of allowable project costs (costs capitalisable under GAAP), term 5 to 7 years, fixed rate. Minimum 25% applicant contribution (in-kind not accepted). Fees: 1.75% commitment fee capped at $17,500, 1% annual servicing, 10% participation fee on maximum drawn principal at maturity.

You must co-fund 25%. Work out the cash you need

Funder

JobsOhio and the Ohio Development Services Agency

ppp · regional

Deadline: Open all year — No deadline published.

Your odds
Not 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.

Effort
moderate

Moderate — a form and supporting documents.

You fund 25% yourself.

Who can apply

Existing Ohio company with at least two years of operating history and revenues, a proven product for a proven market, customer orders and prospects for rapid sales growth; committed job creation. Target sectors: advanced materials, instruments/controls/electronics, power and propulsion, biosciences, information technology. Retail projects ineligible.

How to apply

  1. Contact JobsOhio via the Get Started page. — link
  2. Provide business plan and project details for underwriting.

Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)

Apply on the funder's site

Source. https://www.jobsohio.com/incentives-programs/incentives-eligibility-requirements

"The IOF Loan may finance up to 75% of allowable project costs with 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

Report an error Something wrong or out of date? Tell us.

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Paid, separate from Unclaimed

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