Horizon Certified Development Company (an affiliate of Hamilton County Development Company) has been certified by the U.S. Small Business Administration to offer the SBA 504 Program to small business customers since 1983. The SBA 504 Program enables small businesses to purchase, construct or renovate owner-occupied real estate and purchase equipment with a low down payment and fixed interest rate for a term of ten or twenty years. In addition to normal credit approval, a small business must show that it will meet one of the SBA’s economic development objectives, such as new job creation. Since 1983 Horizon has assisted over 1,000 companies. Eligible companies must be located in the State of Ohio, State of Kentucky or Southeastern Indiana.
Horizon Certified Development Company also administers the Ohio 166 Loan Program on behalf of the Ohio Department of Development throughout the State of Ohio. The 166 Program offers below-market, fixed-rate loans for the purchase of fixed assets such as real estate and equipment for manufacturing and distribution businesses that will create new, full-time jobs.
SBA 504 Loan: A Powerful Idea with Simple Rules
The idea behind the 504 program is powerful. Working through area banks, we help businesses get access to stable, long-term financing that creates jobs and improves the local economy.
HCDC Provides Business Loans in Participation with Area Banks Horizon Certified Development Company (HCDC) is a non-profit development company created to promote economic development. HCDC is a lender, certified by the U.S. Small Business Administration to provide 504 SBA guaranteed loans to businesses expanding or locating in the State of Ohio, Northern Kentucky, or Southeast Indiana.
Competitive Rates That Really Are Competitive
How the 504 Program Works HCDC provides subordinated, fixed interest rate, long-term loans for up to 40% of project costs or $5,000,000 (up to $5.5 million in special cases). Terms are 10 and 20 years, depending on the economic life of the asset being financed.
Who Is Eligible for the 504 Loan Program?
Applicants Involved in the Following are Ineligible:
What Is Eligible for the 504 Loan Program?
Ohio 166 Loan: The Economic Development Program for the State of Ohio The "166" Loan Program is designed to assist growing manufacturing businesses acquire machinery, equipment and real estate by reducing overall debt service requirements through blending the "166" loan with conventional bank financing.
HCDC Provides Business Loans in Participation with Area Banks Horizon Certified Development Company (HCDC) is a non-profit development company created to promote economic development. HCDC is a lender, chosen by the State of Ohio, to provide "166" loans to businesses expanding or locating in the State of Ohio.
An Unmatchable Interest Rate
How the "166" Loan Program Works HCDC has been selected by the Ohio Department of Development to offer "166" loans in Southwestern Ohio. The borrower must contribute at least 10% of the project cost in cash. HCDC can provide 40% of the project cost up to a $500,000 loan. A private lender provides the balance on a shared first lien basis.
Who Is Eligible for the "166" Loan Program? The "166" Program is available to the following types of small business located in the State of Ohio:
What Is Eligible for the "166" Loan Program?
Conditions for the "166" Loan Program:
To initiate the process for being considered for small Business Financing you may contact:
Hamilton County Development Company