Ohio and Kentucky SBA Loans & Other Loan Programs - Commercial Capital

Alloy Commercial Capital offers additional affordable access to capital through the SBA-ILP and Ohio Regional 166 loan programs.

SBA-ILP Loan

Federal loan program for up to $200,000 for small businesses

Alloy Commercial Capital is one of 37 lenders nationwide to be selected by the U.S. Small Business Administration (SBA) to administer the SBA’s Intermediary Lending Pilot Program.

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Ohio Regional 166 Loan

State-funded program with fixed, below market interest rates

This program assists growing businesses in acquiring machinery, equipment, and real estate through a partnership between business owners, conventional bank financing, and Alloy Commercial Capital.

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SBA-ILP Loan

How does the SBA Intermediary Lending Program (SBA-ILP) work?

This loan is the solution when a small business has trouble bridging the gap in a commercial loan. Alloy Commercial Capital assesses eligibility according to SBA guidelines and can locally make the determination which streamlines the approval process. A start-up business (less than 24 months old) may apply for financing up to $50,000 and an existing business (older than 24 months) may apply for up to $200,000.

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Who is eligible for an SBA-ILP Loan?

Alloy Commercial Capital will consider those for-profit businesses that are organized as a sole proprietorship, partnership, limited liability company, corporation, and subchapter S-corporation, and are not listed on the types of businesses deemed not eligible per SBA-ILP guidelines or SBA regulations.

How can the SBA-ILP loan be used?

The proceeds of a loan from the SBA-ILP may be used to acquire fixed assets, including the purchase of/construction on/or renovation of real estate (except for real estate acquired and held primarily for sale, lease, or investment). An SBA-ILP Loan can be made for machinery and equipment, furniture and fixtures, and term working capital (including inventory receivables, materials, and supplies). No lines of credit are eligible.

Collateral?

All loans shall be secured with appropriate collateral.

Gurantee?

All loans shall be guaranteed by each owner of the eligible small business concern (ESBC), regardless of ownership percentage. Secured guarantees may also be required where Alloy Commercial Capital deems appropriate.

Alloy Commercial Capital Experts Make the Process Simple

We will handle all the application paperwork, processing, and internal review/closing. A $500.00 non-refundable application fee is required at the time of submission to Alloy Commercial Capital and a 1.0% processing fee will be assessed at closing. Additional closing fees may be necessary depending on the collateral used to support the project.
Ready to get started on your new real estate project?
Download Applications

Call one of our expert loan officers a at 513-631-8292 for more information

Ohio Regional 166 Loan

How does the Ohio Regional 166 Loan work?

Alloy Commercial Capital has been selected by the Ohio Development Services Agency to offer Ohio Regional 166 Loans throughout all of Ohio. The borrower must contribute at least 10% of the project cost in cash. Alloy Commercial Capital provides up to 40% of the project cost up to a $1,000,000 loan. A private lender provides the balance on a shared first lien basis.

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Example – $500,000 Project

Amount Percent Source Security
$250,000
50%
Bank, S&L
Shared First Lien
$200,000
40%
Alloy
Shared First Lien

$50,000

10%

Owner Equity
$500,000
100%
Total

What are the benefits of the Ohio Regional 166 Loan?

The Ohio Regional 166 Loan is an attractive, fixed-interest rate loan with a lower down payment. The Program offers up to a 20-year term for real estate and up to a 10-year term for machinery and equipment (unless appraised for a longer life). Lower monthly payments allow the business to keep its cash for working capital. Another benefit is that there is NO prepayment penalty. With over 25 years of experience with the Ohio Regional 166 Loan Program, Alloy Commercial Capital’s team of experts will make the process simple for businesses and lending partners.

Eligibility for the Ohio Regional 166 Loan

Who is Eligible?

  • Manufacturers
  • Distributors
  • Most Business to Business companies (retail businesses are ineligible)

What is Eligible?

  • Land/building acquisition
  • Ground up construction or renovation/expansion
  • Machinery and equipment
  • “Soft” costs for appraisals, general surveying, architectural work and installation

Associated Costs and Terms

  • Owner-occupied commercial real estate. For new construction, the operating company must occupy at least 60% of the building; for purchase of an existing building, the operating company must occupy at least 51% of the building.
  • Business owners may own the building and lease to the company.
  • Job creation/retention requirements apply.
  • Corporate and personal guarantees from each owner with more than 20% ownership is required.
  • Refinancing of an existing obligation is ineligible.
  • Inventory and working capital financing are ineligible.
  • There is NO prepayment penalty.
  • Life Insurance is typically required on key business owners.
  • Startups are not eligible, must have 2-3 years of financial history

Alloy Commercial Capital Experts Make the Process Simple

  • We will handle all the application paperwork, processing, and review required by the State of Ohio.
  • A $500.00 non-refundable application fee is required at the time of submission to Alloy Commercial Capital and a 1.5% processing fee will be assessed at closing.
Ready to get started on your new real estate project?
Download Applications

Lock in below-market rates with the Ohio Regional 166 Loan Program by calling our loan experts at 513-631-8292

Additional Loan Products We Offer

SBA 504 Loan

SBA 504 loans provide small business owners with fixed financing of up to $5 million for major fixed assets. The SBA 504 packages two loans together, one from Alloy and one from a private lending partner.
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Commercial Real Estate Loan

Businesses looking to purchase commercial real estate or make changes to that real estate will need to seek financing in the form of a commercial mortgage. Learn more here.
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SBA 504 Refinance Program

This program allows you to refinance debt that you previously incurred for commercial real estate and fixed-asset projects at below-market rates.
Learn More →

Talk to one of our loan experts today to find the right solution for your needs

Or give one of our expert loan officers a call at 513-631-8292 for more info.

“Alloy walked me through the SBA 504 loan process every step of the way, which I really needed since I had never purchased commercial real estate before. They also helped me out with a tricky leased land situation that helped pave the way for future commercial real estate purchases.”
Steve Dorgan
President, Wray Precision, SBA 504 Loan Borrower