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Enterprise Ohio Investment Company is a mezzanine loan fund that will invest in promising Ohio-based businesses with the potential for a profitable rate of return.

 

Eligible Loan/Investment Uses

  • Fixed asset acquisition
  • Working capital
  • Senior or subordinate debt

 

The Benefits

  • Equity investments and long-term debt financing
  • Technical and management assistance

 

Maximum Loan/Investment Amount

  • $150,000

 

Term

  • Fixed asset: Useful life of asset up to 15 years
  • Working capital: Up to 5 years

 

Rate

  • Rates are determined by the assessed risk

 

Fees

  • $250 application fee
  • 0% origination fee

1% deposit due upon acceptance of loan commitment to cover out-of-pocket closing costs – i.e. legal, title, recording, etc.

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