The Port Authority's Revolving Loan Fund is proving to be a valuable tool for local business. The funds primary focus is to help existing businesses in our community expand and grow new jobs. Applicants can request up to $50,000.00 payable up to a period of ten years at 2/3 below prime rate at the time of closing. To date, the Port Authority has loaned $334,000.00 to nine businesses, helping to create new jobs and retain existing jobs. For 2007 the nine businesses have retained 40 jobs, added 4 jobs with 0 jobs lost.

This money has been made available through grants from the Coshocton Foundation, Coshocton Rotary, Montgomery Foundation and a grant from the USDA.

The RLF committee meets on a regular basis to review all applications. The committee consists of Dick Baker, President of Ohio Heritage Bank, Todd Mizer of REA & Associates and Port Authority Treasurer, Rhoda Crown, CEO of Coshocton Grain, Bruce Wallace, owner of WTNS Radio and Bob Simpson, President of MFM Building Products. This group of local volunteers makes the decisions based on the applicants experience and potential for job creation.

If you are interested in learning more about the Revolving Loan Fund, or would like to make an application, please contact the Coshocton Port Authority Office.

For an application please click here

All applicants must schedule a consultation with the

Executive Director prior to submission of application

To view some of our current RLF customers click here.

If you are starting a business or own a small business and want to expand, you are encouraged to contact the Small Business Development Center at 614-466-2711 or 800-848-1300. Or visit their web site at http://www.odod.state.oh.us/edd/osb/sbdc

In accordance with Federal law and U.S. Department of Agriculture policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age or disability.
To file a report of discrimination, write USDA, Director, Office of Civil Rights, 1500 Independence Avenue, S.W., Washington, D.C. 20250-9410 or call (800)795-3272 (voice), or (202)720-6382 (TDD).