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State TreasurerOffice outlines Buckeye Business Advantage, a short-term interest reduction loan for small businesses
Summary
A representative of the State Treasurer's Office described Buckeye Business Advantage, a two-year, roughly 3% interest-rate reduction loan up to $1,000,000 for Ohio-headquartered, for-profit businesses with fewer than 150 employees, administered through participating banks and credit unions and listed on the treasurer's website.
Brooke Billman, representing the State Treasurer's Office, told the board the office launched the Buckeye Business Advantage program in October to provide interest-rate reduction loans to small businesses headquartered in Ohio with fewer than 150 employees.
"It's a 2 year loan, around 3-ish percent, up to $1,000,000," Billman said, describing the product as modeled after the office's AgLink…
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