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Brown County creates business revolving loan fund, appoints review committee and sets 3.5% loan rate
Summary
The Brown County Board of County Commissioners unanimously established a Business Revolving Loan Fund under O.R.C. § 307.07, appointed a five-member review committee with staggered terms, and set a 3.5% annual interest rate for loans issued in 2026. The county department of economic and community development will administer the fund.
The Brown County Board of County Commissioners voted March 18 to create the Brown County Business Revolving Loan Fund to provide low-interest loans to eligible local businesses under authority of O.R.C. § 307.07. The fund will be administered by the Brown County Department of Economic and Community Development, and any loans or financial commitments from the fund require approval by the Board.
Commissioner Gordon Ellis moved to adopt Resolution No. 03182026-1, which the Board approved on a unanimous roll-call vote; Commissioner…
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