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OHIO CAPITAL ACCESS PROGRAM (CAP) Lenders Loan Re enrollment and Certification FormLender Information (Form to be completed by the Lender and submitted to the Ohio Department of Development for loans

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How to fill out ohio capital access program

01

Contact a participating lender in Ohio to apply for the Ohio Capital Access Program.

02

Submit a loan application and business plan to the lender.

03

If approved by the lender, the loan will be submitted to the Ohio Development Services Agency for review.

04

If the loan meets the program requirements, the Ohio Capital Access Program will provide a reserve fund to the lender to mitigate the lender's risk.

Who needs ohio capital access program?

01

Small businesses in Ohio who are in need of financing to support growth and expansion.

02

Businesses that may have difficulty obtaining traditional loans due to credit history or other factors.

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What is ohio capital access program?

The Ohio Capital Access Program (OCAP) is designed to help small businesses obtain financing by allowing lenders to establish a loan loss reserve to help cover potential losses, thereby increasing access to capital for these businesses.

Who is required to file ohio capital access program?

Small businesses seeking to participate in the Ohio Capital Access Program are required to file, along with the lenders who are providing the financing.

How to fill out ohio capital access program?

To fill out the Ohio Capital Access Program application, a business must complete the necessary forms provided by the program, detailing the business's financial information and the purpose of the loan. This must be submitted through an approved lender.

What is the purpose of ohio capital access program?

The purpose of the Ohio Capital Access Program is to promote access to capital for small businesses in Ohio by reducing the risk associated with lending, thus encouraging lenders to provide more loans to various businesses.

What information must be reported on ohio capital access program?

Businesses participating in the Ohio Capital Access Program must report financial details, loan amounts, usage of funds, and any defaults or payments made on the loans.

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