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OH
Ohio Collateral Enhancement Program (CEP) - Green Business
Helps Ohio clean energy and green businesses obtain bank loans by depositing state cash collateral with lenders to reduce collateral shortfalls. State deposits up to 30% of the loan amount. Maximum supported loan $5 million.
About this program
Visit the program website for full details.
Eligibility
Ohio-based green and clean energy businesses facing collateral shortfalls. Must work with a participating lender. Minimum $100,000 for working capital.
Requirements
- Business must be located in Ohio
- Lender must be a participating financial institution
- Minimum loan amount of $100,000 for working capital