In an attempt to give local businesses a boost, the state of Ohio is offering low interest loans to business owners. Regardless of their industry, if a business is eligible they can get a very competitive rate on a low interest loan as well as more flexible terms to pay it back over a longer period of time. For many new businesses as well as established ones, these low interest loans have made a big difference in their company’s stability.Experts are encouraging all Ohio business owners that are eligible to consider applying for these low interest loans. The funds can be used for a variety of different needs including equipment, expansion or even extra money to make larger purchases to grow their business. Other states have tried similar low interest loan programs and have reported stellar results. Business owners interested in applying for a low interest loan can contact their state officials or the SBA for more information.”If you’re looking to grow and create jobs, we have low-cost money for you,” said Richard Cordray, the state treasurer, whose office oversees the program. The state hopes numerous business owners will take advantage of these low interest loans.
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