Welcome!
Small Business Loan Program
Serving the Ohio counties of
Adams, Brown & Highland
Meat & Poultry Intermediary Program is available to all Ohio counties
About Us
South Central Development Company
The South Central Development Company (SCDC) Loan program is funded by the
United States Department of Agriculture-Rural Development (RD) and the Meat & Poultry Intermediary Lending Program (MPILP)*.
Loans are available for new and existing small businesses in the Ohio counties of Adams, Brown, and Highland
*MPILP Loans are available to all Ohio Counties
Eligible Loan Purposes
- Acquisition
- Construction
- Renovation
- Purchase or Refinance Equipment
- Working Capital
Loan Amounts & Guarantees
Minimum Loan: $15K-Rural Dev.-$15K*
Maximum Loan: $150K-MPILP-$1.5mil*
*if funds are available
Personal guarantee and/or acceptable collateral
will be required on all loan projects
Loan Position, fees, rates, and retention
Loan Position
Loan Position
Loan Position
Loans can be independent or subordinate to other lending institutions in our service area
SCDC will take an appropriate lien position based on the use
& participation of loan funds
Fees & Rates
Loan Position
Loan Position
Application and closing fees will be assessed to cover costs
Any fees are due at closing
Loan rates are competitive with other financial institutions
Retention
Loan Position
Retention
SCDC requires a minimum of one job creation/retention for each $35,000 in loan funds
Example: A $70,000 loan must support two jobs.
ANNOUNCEMENT
Contact Us
South Central Development Company
PO Box 887, Hillsboro, OHio 45133
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