Top Industries Financed
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- Hotels (except Casino Hotels) and Motels
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Quick Summary
Northwest Ohio Development Ass is an SBA-certified Certified Development Company (CDC) headquartered in Toledo, Ohio. Since 2010, they have approved 126 SBA 504 loans totaling $75.2M, with an average loan size of $597K. They serve businesses across 2 states.
About Northwest Ohio Development Ass
Northwest Ohio Development Ass is an SBA-certified Certified Development Company (CDC) headquartered in Toledo, Ohio. Since 2010, they have approved 126 SBA 504 loans totaling $75.2M, with an average loan size of $597K. They serve businesses across 2 states.
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Frequently Asked Questions
What does Northwest Ohio Development Ass do?
Northwest Ohio Development Ass is an SBA-certified Certified Development Company (CDC) based in Toledo, Ohio. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Northwest Ohio Development Ass handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Northwest Ohio Development Ass approved?
According to SBA FOIA public records, Northwest Ohio Development Ass has approved 126 SBA 504 loans totaling $75.2M since 2010. Their average loan size is $597K.
What states does Northwest Ohio Development Ass serve?
Northwest Ohio Development Ass serves businesses in 2 states: Michigan, Ohio.
How do I apply for an SBA 504 loan through Northwest Ohio Development Ass?
To apply for an SBA 504 loan through Northwest Ohio Development Ass, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
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Contact Northwest Ohio Development Ass
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