Quick Reference  |  Summary

Ohio Enterprise Bond Fund Servicing

Purpose

The Ohio Enterprise Bond Fund (OEBF) promotes economic development, business expansion and job creation by providing financial assistance for allowable costs of eligible projects in Ohio.

Program

The Program The Ohio Treasurer issues bonds, the proceeds of which are loaned to businesses for allowable costs of eligible projects. The OEBF Loan provides long-term, fixed-rate project financing for qualifying businesses that create or preserve employment opportunities in Ohio. The OEBF Loan provides capital to developed companies with limited access to funding at costs comparable to those of rated multi-national corporations.

For Whom

Eligible borrowers include corporations, partnerships, sole proprietorships, limited liability companies or limited liability partnerships engaged in the creation or retention of jobs in industrial, manufacturing, commerce, research and development or distribution ventures.

Program Contact

JobsOhio and the JobsOhio Network, the state's economic development organization, are responsible for the marketing, initial company contact, and company application process through loan approval. Companies interested in finding out more about the program or discussing a potential project that may qualify for the OEBF Program should click here to be directed to JobsOhio' s webpage.

The approved loans are managed by the Ohio Development Services Agency. Responsibilities include: involvement in the loan closing process, drafting loan agreement amendments, disbursement of funds, collection of repayments, upholding the terms and conditions of the loan agreement, reviewing annual jobs reports and providing technical support to existing borrowers.

Existing OEBF Loan Support Inquiries: Keena Ridley, (614) 466-4273

How Much

The OEBF may provide financing up to 90 percent of the total eligible project costs that are directly related to the fixed-asset purchase. The program may finance allowable project costs with OEBF loans typically ranging in size from $2,500,000 to $10,000,000.