State of Ohio's Direct 166 Loan

The Ohio Direct 166 loan program is administered through the Ohio Department of Development. The 166 Direct Loan Program was created to promote economic development, business expansion and job creation by providing financial assistance for eligible projects in the State of Ohio.

The 166 Direct Loan Program may finance up to 30% of eligible project costs directly related to the fixed-asset purchase. The minimum loan amount is $350,000 and the maximum is $1,000,000.

Businesses requesting $350,000 or less may participate in the Regional 166 Direct Loan Program (contact the Ohio Department of Development staff for further information).