 | By: Ohio Treasurer Robert Sprague Ohio’s great entrepreneurial spirit has led to incredible innovations from the first airplane, cash register, and traffic signal to large scale successful businesses based right here in the Buckeye State. We know that growth starts at home, and you need flexible capital to start or expand your small business. Launching this month, Buckeye Business Advantage will offer reduced interest rate loans to Ohio businesses with 150 employees or fewer. |
The program comes as part of my administration’s larger initiative to modernize the Ohio Treasurer’s o9ice and revamp successful programs like Ag-LINK to better serve Ohioans. By
helping small business owners through Buckeye Business Advantage, the Ohio Treasurer’s office is working to lay the groundwork for the state’s future economic success.
Buckeye Business Advantage will work similarly to the other linked-deposit programs in our office. In this case, a small business owner selects and works directly with a participating financial institution for a business loan. The loan officer at the participating financial institution will submit an online Buckeye Business Advantage application on behalf of the small business owner. The Ohio Treasurer’s office will then review the application, and if all eligibility criteria are met, the application is approved. Once the application is approved, the Ohio Treasurer’s office will deposit funds with the financial institution at a below market interest rate. The financial institution will then reduce the small business borrower's loan interest rate in conjunction with the off-setting deposit by the Ohio Treasurer’s office.
By leveraging the state’s balance sheet, we can help small businesses access capital to reinvigorate or expand their operations in Ohio. Any business headquartered in Ohio with 51% operations in the state and 150 or fewer employees is eligible to apply. The business must be organized for-profit and is required to use the loan exclusively for business purposes.
Ohio’s small businesses are more than just employers; they are anchors in our communities. From local retailers and service providers to manufacturers and startups, they support families, sponsor events, and give back in countless ways. Helping them grow means strengthening the towns, cities, and neighborhoods they call home. Buckeye Business Advantage is a practical tool to advance that mission. By working together with financial institutions across the state, our office is connecting these
businesses with the resources they need to invest in their future. Together, we’re turning local momentum into long-term economic strength.
Buckeye Business Advantage gives Ohio entrepreneurs an edge by offering reduced interest rates on small business loans. Whether your company is just starting out or you’re ready to take operations to the next level, Buckeye Business Advantage can help you achieve success with your small business.
For more details, please visit our website at www.ohiotreasurer.gov/buckeyebusinessadvantage or email our team at [email protected].
helping small business owners through Buckeye Business Advantage, the Ohio Treasurer’s office is working to lay the groundwork for the state’s future economic success.
Buckeye Business Advantage will work similarly to the other linked-deposit programs in our office. In this case, a small business owner selects and works directly with a participating financial institution for a business loan. The loan officer at the participating financial institution will submit an online Buckeye Business Advantage application on behalf of the small business owner. The Ohio Treasurer’s office will then review the application, and if all eligibility criteria are met, the application is approved. Once the application is approved, the Ohio Treasurer’s office will deposit funds with the financial institution at a below market interest rate. The financial institution will then reduce the small business borrower's loan interest rate in conjunction with the off-setting deposit by the Ohio Treasurer’s office.
By leveraging the state’s balance sheet, we can help small businesses access capital to reinvigorate or expand their operations in Ohio. Any business headquartered in Ohio with 51% operations in the state and 150 or fewer employees is eligible to apply. The business must be organized for-profit and is required to use the loan exclusively for business purposes.
Ohio’s small businesses are more than just employers; they are anchors in our communities. From local retailers and service providers to manufacturers and startups, they support families, sponsor events, and give back in countless ways. Helping them grow means strengthening the towns, cities, and neighborhoods they call home. Buckeye Business Advantage is a practical tool to advance that mission. By working together with financial institutions across the state, our office is connecting these
businesses with the resources they need to invest in their future. Together, we’re turning local momentum into long-term economic strength.
Buckeye Business Advantage gives Ohio entrepreneurs an edge by offering reduced interest rates on small business loans. Whether your company is just starting out or you’re ready to take operations to the next level, Buckeye Business Advantage can help you achieve success with your small business.
For more details, please visit our website at www.ohiotreasurer.gov/buckeyebusinessadvantage or email our team at [email protected].
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