This partnership between the Ohio Treasurer of State and local banks provides reduced-rate financing to small business improvement projects for energy efficiency and renewable energy generation. The program offers up to a 3% interest rate reduction on new or existing small business loans of up to $550,000 for terms of up to four years. Small businesses must have fewer than 150 employees, be headquartered in Ohio, maintain offices and operating facilities exclusively in Ohio, primarily employ Ohio residents, be organized for profit, and use the loan proceeds exclusively for the projects defined in the application in order to be eligible.
