I probably would not qualify through the normal process (i.e. bank) due to high student loan debt, but I have heard about a small business loan through the ohio department of development.
I suggest you contact small business advocates in Ohio to help and guide you through the process of getting a small business loan.
Small Business Ombudsman
Office of Small Business
Ohio Department of Development
PO Box 1001
Columbus, Ohio 43216-1001
1-800-848-1300 extension 6-2718 or at 614-466-2718 during normal business hours.
You can also contact the Small Business Development Center http://www.odod.state.oh.us/edd/osb/sbdc/ to help you through the process
Remember though that government does not really provide the loans directly, but they guarantee the loan. You still have to apply to a financial organization such as banks that work with SBA — and among their criteria include collateral and the applicant’s personal history. You can read about the government loan criteria of SBA at http://www.sba.gov/financing
Originally posted 2010-08-10 18:38:00.