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Regional 166 Direct Loan Program


The Regional 166 Direct Loan Program promotes economic development, business expansion, job creation and/or job retention by providing low-interest loans to businesses who may have limited access to adequate capital from private sources of financing.


The Ohio Development Services Agency's (ODSA) Regional 166 Direct Loan Program provides low-interest loans to businesses creating new jobs and/or retaining existing employment opportunities at the project site in Ohio.

For Whom

For businesses registered to do business in the State of Ohio, who wish to finance an eligible project in the State of Ohio. Eligible projects include those related to industry, commerce, distribution or research activities. Retail and refinancing projects are ineligible for the Regional 166 Direct Loan Program.  Allowable project costs may include costs associated with land and building acquisition, construction or renovation, and machinery and equipment purchases.

Program Contact

Businesses interested in learning more about the program or to discuss the eligibility of a potential project that may qualify for the program must should contact a Regional 166 Direct Loan Program Agency. For the list of Agency contacts in your area, click here.

Existing Regional 166 Loan Support Inquiries: Keena Ridley or Glenn VanValkenburgh or (614) 387-2117. 

How Much

The typical Regional 166 Direct Loan project is structured with a financial institution (bank/credit union) financing 50 percent of the project, with the Regional 166 Direct Loan Program loan financing 40 percent of the Project, and the borrower contributing a minimum of 10 percent equity.  (Note: Higher borrower equity contribution percentages may be required based on due diligence.)  The Regional 166 Direct Loan Program may finance up to 75 percent of allowable project costs, provided that the 25 percent remainder is funded by the borrower’s equity contribution.  The maximum size of a Regional 166 Direct Loan is $500,000.  Businesses seeking larger loan amounts from a program with similar guidelines should explore the 166 Direct Loan Program here.

Click here for detailed information