Loan Rates (as of August 2019) 

SBA 504 Loan
Ohio 166 Loan
SBA 504 Loan

Historically Low Rates!

10 Years: 3.937%

20 Years: 3.531%

25 Years: 3.630%

Ohio 166 Loan

Ranges from 3% to max of 8%

HCDC specializes in small business loans and financing, such as the SBA 504 Loan, the SBA Debt Refinance Program, and the Ohio Regional 166 Loan to fit the needs of expanding businesses that are looking to finance the purchase of commercial real estate and heavy machinery/equipment. Recently, HCDC added the SBA-ILP loans to bridge the gap in the credit market.

Drawing from 35 years of lending experience, economic development organization HCDC helps small- and medium-sized businesses by facilitating the small business loan process. Certified by the U.S. Small Business Administration (SBA), HCDC provides growing businesses long-term, fixed rate financing for as little as 10% down in Ohio, Kentucky and Southeast Indiana. Contact us at 513-631-8292 or at to get started.

As a top SBA 504 loan provider, HCDC has financed more than $1.0 billion in approved projects in Ohio, Kentucky, and Southeast Indiana. That investment means 10,000 new jobs have been created from business growth, contributing to the economic health of local communities.

Kelsey Chevrolet

HCDC SBA 504 Loan Borrower
$4,727,653 Project Cost
$1,712,000 HCDC Debenture
Third-Party Lending Partner: Fifth Third Bank

Envision Cinemas Bar & Grille

HCDC SBA 504 Loan Borrower
$14,044,631 Project Cost
$4,327,000 HCDC Debenture
Third-Party Lending Partner: Live Oak Bank

Deeper Roots Coffee Roasting Equipment

HCDC Ohio Regional 166 Loan
$132,385 Total Equipment Cost
$57,000 HCDC Ohio Regional 166 Loan
Third-Party Lending Partner: CenterBank

House of Brows & Lashes

HCDC SBA 504 Loan Borrower
$655,000 Project Cost
$274,000 HCDC Debenture
Third-Party Lending Partner: First Financial Bank

Small Business Success Stories…

“I’d to thank HCDC for all it did for us early on in our business. We started the business back in 2009, and at that time we were two guys and an idea. At that stage of a company’s lifecycle, you encounter lots of challenges and don’t have answers. The HCDC Business Center really served as an advisory board for us, to provide us with advice and guidance when we needed it, to give us the encouragement and support when we didn’t quite see the light at the end of the tunnel.”

Austin allison dotloop

Austin Allison

Founder of DotLoop (now owned by Zillow)

“We benefitted tremendously from incubating at the HCDC Business Center. While the affordable rent and fast internet services were great, the bigger drivers were: Informal networking with other entrepreneurs; Being equidistant to anything in Greater Cincinnati; Exposure to local investors and banks; The availability to tap the expertise of mentors and coaches. Would we go with the Business Center again if we had to do it all over again? Hands down, no doubt!”

Brian Taylor

CEO, Scenario Learning, 2008 Business Center Graduate

“The Business Center is Greater Cincinnati’s greatest entrepreneurial asset. The incubation program gave me the foundation and the encouragement that I needed to succeed.”

tom reed intrexon

Thomas Reed

Founder Intrexon Corp., 2004 Business Center Graduate

“Working with HCDC has been very easy. I can always call Angie [Loan Officer Angela Howard] with any questions. She even gave me her personal cell number for me to reach her when she was out of the office. Most people have heard of the SBA, but without them, the bank won’t come in, and you won’t get state and local investment.”

kenny mcnutt madtree

Kenny McNutt

MadTree Brewing Partner, SBA 504 Loan Borrower

“HCDC 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 wray precision

Steve Dorgan

President, Wray Precision, SBA 504 Loan Borrower