Incentive Programs

Paulding County Revolving Loan Fund (RLF)

 To provide financing for fixed assets, to create private sector job opportunities, principally for industries or businesses.

Eligible Borrowers

Corporations, Partnerships or Sole Proprietorships throughout Paulding County.


*  Projects must create or retain jobs.

*  51% of all jobs must be for persons from low to moderate income households

*  Business must be located in Paulding County.

Use of Funds

Building acquisition, new construction, equipment remodeling, inventory and working capital.

Loan Amount

Up to $25,000 for each new job created or up to 40% of the project, which ever is less.

Rates and Term

Low fixed rate of interest.

Loan term for up to 20 years.

Minimum Requirements

*  Creation of new jobs.

*  Financial participation by at least one private lender.

*  Adequate collateral as loan security.





Community Reinvestment Area Program (CRA)

Community Reinvestment Areas (CRA) are geographic areas that provide for Real Estate Tax Abatement.

~    CRA tax abatements are for new taxes that are generated by new investment of real property for retail, residential and industrial property.

~     CRA may offer up to 60% tax abatement for up to 10 years.

   The CRA agreements must be approved before construction begins.

Paulding County Economic Development, Inc. administers the CRAs, maintains records for the County and to the State of Ohio.

 Applications are available at the Paulding County Economic Development office. 

Ohio Enterprise Zone Program (EZ)

An Enterprise Zone Agreement is a tax abatement of real property tax to a business on a new investment.  This is an incentive to businesses to make capital investment to create/retain jobs in Paulding County.


*  Business must agree to create or retain jobs.

*  Business must make a substantial investment.

*  Business must be non-retail.

*  Must have an agreement approved by local government and school district.

*  File an annual end-of-year report with the Paulding County Economic Development, Inc.


Typical EZ Agreement

Abatement on real property for 10 years with a compensation agreement.


Abatement Effect

 40% Paid to Local Government

 60% Abatement (savings) to Business



Applications are available at the Paulding County Economic Development office.  

Northwest Ohio Bond Fund

The Northwest Ohio Bond Fund provides small and medium-sized companies access to the national capital market as if they were A- Investment Grade companies. It provides: 

  • Financing for projects from $2 million to $25 million
  • Fixed interest rates for full term of the bonds
  • Typically 90% financing and 10% equity
  • Financing up to 30 years for land and buildings
  • Financing up to 10 years for equipment
  • Tax exempt bonds for manufacturing, non-profit 501(c)3 and governmental operations
  • Taxable bonds for all other projects

Learn more here:

SBA 504 Loan Program

The SBA 504 is designed for small businesses that want to invest in expansion but still maintain cash for working capital. As such, it provides fixed, below-market interest rates with longer loan term options and lower down payment requirements.

SBA 504 loans are provided in conjunction with a bank or other primary lender, financing up to 40% of the total cost of commercial real estate projects and equipment purchases. These features are ideal for a wide range of businesses, even if they already qualify for a conventional loan.


  • Loans up to $5 million ($5.5 million for manufacturing)​
  • Terms of 10, 20, or 25 years​
  • Low, fixed rate for entire term​
  • Debt refinance is eligible
  • Funds can only be used for real estate and equipment

Learn more here:

OHIO 166 Loan Program

Long term fixed rate low-interest loans up to 40% not to exceed $1.5 million for land and building acquisition, construction, expansion, or renovation, and equipment purchases for eligible businesses. Term based on useful life of the assets being financed and up to 15 years for real estate.

Learn more here:

GrowNOW enables small business owners to get started or expand by providing up a 3% interest rate reduction on new or existing small business loans, up to $400,000, for two years, with the opportunity for renewal for another two year period.

Thriving businesses are the heart of Ohio’s economy and are critical for the state’s prosperity. However, one of the biggest challenges small business owners face is financing.

Businesses must commit to creating or retaining at least one full-time or two part-time jobs in the state of Ohio for every $50,000 borrowed.

Learn more here:

Ohio Enterprise Bond Fund (OEBF Loan)

Provides revenue bond financing through an S&P rated fund, whereby proceeds from the sale of bonds are loaned to companies for fixed-rate, long-term capital asset financing. Rates are market-driven and fixed prior to funding. Loan terms range between 7 to 10 years for equipment and 15 to 20 years for real estate. Up to 90% financing of eligible costs from $2,000,000 to $10,000,000

Learn more here:

Innovation Ohio Loan Fund (IOF Loan)

Loans for acquisition, construction, and related capital costs of technology, facilities, and equipment purchases. Fund created to assist existing Ohio companies in development next-generation products and services within the state’s Industry Sectors up to 75% ranging from $500,000 to $1.5 million.

Learn more here:

Microlending Program

Microloan business program for Paulding County through First Financial Bank

At First Financial Bank, our goal is to provide small business owners with the tools and resources they need to grow their business. We’re proud to work with Paulding County Economic Development to provide loans to small, minority, and at-risk businesses. This lending initiative was created to support economic growth and development within Paulding County.

For program details contact Tim Copsey or Kristen Schilt at 419-399-8295 or stop by 101 E Perry St Paulding, OH 45879

Small Business Support Loan

Eligibility Guidelines:

  1. Recipient must be a business with a physical location in Paulding County, Ohio.
  2. Recipient must employ 10 FTE or less.
  3. Recipient must submit documentation of business incorporation or EIN# to assure funds are being given to an established business.
  4. Funds up to $2,500 shall be considered.
  5. Recipient must agree to repay the funds principal plus 1% interest over a term of up to 18 months.

Download application here. Completed applications and documents necessary for consideration of the funds shall be sent to or sent to 101 E. Perry Street Paulding, OH for consideration.

This program is made possible through the support of the Paulding County Area Foundation.