Re-Energize your small business

Small business is a driving force of Ohio’s economy and is critical for the state’s future success. 

ReEnergize Ohio supports job creators by providing up to a 3% interest rate reduction on new or existing small business loans up to $550,000, for four years. 

Businesses must use these loans to renovate existing buildings, expand operations, upgrade and add equipment, or install energy saving products and systems.

 

 

  • Eligible businesses:
    • MUST be organized for profit;
    • MUST have headquarters in Ohio;
    • MUST maintain offices and facilities in Ohio;
    • MUST have less than 150 employees;
    • MUST have majority of employees be Ohio residents; and
    • MUST use all proceeds of the loan to expand or improve Ohio facilities

 

 

  • After the online ReEnergize Ohio application is submitted and the loan officer confirms the terms of the loan, the Ohio Treasury begins the review process.
  • If all eligibility criteria are met, the application is approved and notifications are sent to alert the owner and financial institution.
  • Upon request from the financial institution, the Ohio Treasury will purchase an investment for the same amount as the approved loan at a below-market rate.
  • The financial institution uses the interest generated to offset the interest rate reduction to pass savings onto the borrower.

 

  • Click here to view a list of eligible financial institutions.
  • Apply for a business loan at a participating financial institution.
  • After loan terms are determined, both the owner and loan officer complete online applications 
    (view 
    PDF application for reference only)
  • For more information about ReEnergize Ohio, contact us by phone at 614-466-6546 or by email at [email protected].