With the BizCap small business loan program, County Corp & County Corp Development (CCD) provides machinery and equipment loans to meet a broad range of business needs such as SBA 504 loans and Regional 166 loans for business growth.
We have financed a variety of different types of equipment for our borrowers. You name it, we’ve financed it: industrial handling, wireless EDM machines, CNC controlled machining centers, web and sheet fed printing presses, office furnishings, and much, much more! In fact we can finance barges and tug boats too!
Typically, we would match the repayment term of the loan with the useful life of the asset to be financed ranging from 3 to 10 years. We are not a provider of lease financing.
Down payment requirements also vary, from a low of 10% necessary for established businesses to up to 20% from start-up businesses (considered start-up if less than 2 years old). Equipment subject to special use considerations may require an additional down payment.
From the SBA 504 loan program, M&E loans can range from $50,000 to $5,500,000. The maximum financing available from the State of Ohio Regional 166 loan program for M&E is $500,000*. The CDBG revolving loan fund and Child Day Care loan programs available from CCD bring smaller funding resources to local small businesses in targeted areas or industries.
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