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OH
Ohio Collateral Enhancement Program (CEP)
Helps Ohio businesses obtain bank loans by depositing state cash collateral with lenders to reduce collateral shortfalls. Applicable to professional services firms needing capital for operations, equipment, or expansion. State deposits up to 30% of the loan amount.
About this program
Visit the program website for full details.
Eligibility
Ohio-based professional services businesses facing collateral shortfalls. Must work with a participating lender. Minimum loan $100,000 for working capital.
Requirements
- Business must be located in Ohio
- Lender must be a participating financial institution
- Minimum loan amount of $100,000 for working capital