JobsOhio Loan Program

Do you need working capital to respond to the challenges caused by COVID-19? This no fee, low rate Special Business Loan can help.
  • Pages within JobsOhio Loan Program

Premier Bank has partnered with JobsOhio on a loan program designed to support existing Ohio small business clients with maintaining operations and payroll during the COVID-19 pandemic.

Eligible businesses can use the newly available loan funds for working capital, including payroll, rent, mortgages or other fixed debts, utilities and other bills. 

Available to:  

  • Ohio based businesses
  • Current Premier Bank loan or deposit customer in good standing 

Loan Terms:   

  • Maximum of $200,000
  • For current borrowers, an amount not to exceed the lower of 20% of total existing commitments or maximum of an additional $200,000
  • Variable rate loan at prime rate, currently 3.25%
  • No origination fees
  • 35 Month Term - Six months interest only, then 29 principal and interest using 60-month amortization
  • Standard approval process, collateral and other terms apply
  • Deposit only customers with no current loans, amount is lesser of 10% of aggregate annual revenue from sales (most recent 12 month period) or $100,000
  • Subject to credit approval 

To apply, please call your local branch to make an appointment or contact your banker.

 

Some restrictions apply.