GrowNOW Borrower Application

Tell us about your bank...

Bank:
Loan Officer First Name:
Loan Officer Last Name:
Loan Officer Phone Number:
(e.g. 000-000-0000)
Loan Officer Email:
*Please contact your bank loan officer prior to completing this application to negotiate the loan and tell them you want to use the GrowNOW Linked Deposit program. If you or your banker have questions about this, please call 614-466-6546.

Tells us about your business...

Business Name:
Owner First Name:
Owner Last Name:
Address:
Address 2:
City State Zip
County:
Website:
Phone:
(e.g. 000-000-0000)
Fax:
(e.g. 000-000-0000)
Email:
*Please provide an email address to receive application progress and approval notifications.

Business Information

Is the company headquartered in the State of Ohio?
Does the company maintain offices and facilities exclusively in Ohio?
Does the company employ less than 150 people?
Are the majority of employees Ohio residents?
Is the company organized for profit?
Is the borrowing entity the exact same entity saving or creating jobs?
Note: If you have answered 'No' to any of the questions above, you are not eligible for participation in the Linked Deposit program pursuant to program policy and/or Chapter 135 of the Ohio Revised Code.
Is the company owner a Veteran or a spouse or surviving spouse of a Veteran?
*If yes, please email a form of military I.D. to economicdevelopment@tos.ohio.gov (Do not include a Form DD214).
Is your business a franchise?
*Note: A copy of the franchise agreement may be requested.
What year was the business purchased or established?
(Enter as a four digit year ex... 2008)
How many employees are currently on the payroll?
Is the small business currently participating in any federal, state or local government programs?
(If yes, state what programs)
*Participation in another program does not prohibit you from applying for GrowNOW.
Select the business category that best describes your business.
Describe the product(s) and/or service(s) the company offers:

Tell us about your loan...

Total amount of bank loan?
$
Amount of loan on which you are requesting a GrowNOW rate reduction?
$
*Program cap is $400,000.00.
In detail, describe how you will use your loan.
Provide a 2-year business plan summary that explains what the business will do to foster employee growth and/or retention.
*The business plan summary should explain the actions (marketing, signage, networking, etc.) or investments (expanding building size, adding new location, purchasing new equipment, etc.) that will increase business.
If applicable, describe if the loan will provide any civic or community benefits.
*Each full-time position qualifies $50K and each part-time position qualifies $25K of GrowNOW rate reduction amount above. For business owners that are Veterans or spouses of Veterans, a full-time position qualifies $100K and part-time positions qualify $50K each.
Number of full time jobs expected to be created:
Number of part time jobs expected to be created:
Number of full time jobs expected to be saved:
Number of part time jobs expected to be saved:
How did you hear about the GrowNOW interest rate reduction program?
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