Now that the holidays are over, it’s time to get back to business…small
business lending that is! Here is the January 2016 HCDC Lending Newsletter, including January’s
SBA 504 loan rates. Here’s to a great 2016!

SBA Refinancing Loan Program is Back

Following a more than three-year hiatus, the SBA 504 Refinancing Loan Program is back, thanks to the inclusion by Congressman Steve Chabot in the recently passed Omnibus Appropriations Bill. Although the actual implementation must wait until new regulations are promulgated, this may take another four to six months. More updates will be forthcoming as new information is learned.approved-1553194-639x461

SBA 504 Spotlight: HCDC Helps ‘Simply Australian’ Bring to the U.S. All Things ‘Aussie’

IMG_6291Simply Australian is an ecommerce site dedicated to all things “Aussie.” From boots to food to laundry detergent, if you’re looking for Australian products, this is the site to visit. “There are 250,000 Australians in the U.S. at any point in time,” says owner Dave Nichols, “And we make sure our website is first on Google when they start looking for items from home…

Read the full article

HCDC Businesses In the News

Mommy’s Dream Team on Fox 19 News

MadTree to Build $18 Million Brewery in Oakley
[Cincinnati Enquirer]

OTR Retailer to Offer Workers $15 Per Hour
[Cincinnati Business Courier]

Over-the-Rhine Street Exhibit Contrasts OTR Then, Now (Transept)
[WLWT News 5]

OTR Pet Retailer Opens Outpost to Serve the Suburbs
[Cincinnati Business Courier]

Mommy's Dream Team on Fox 19 News

SBA 504 Loan Interest Rates for January:

4.288% at 10 Years
4.831% at 20 Years

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

1776 Mentor Avenue, Suite 100
Cincinnati, OH 45212
Office: 513.631.8292
Fax: 513.631.4887