Agency / Department: JobsOhio
Resource: Banking Partnerships
Details: JobsOhio has committed up to $50 million to assist Peoples Bank and recently merged First Federal Bank and Home Savings Bank with providing lending support to companies negatively affected by COVID-19. This assistance bolsters each bank’s ability to provide additional financing on favorable terms for local businesses in good standing that would otherwise not be able to access this credit due to COVID-19. Eligible businesses can use the newly available loan funds for working capital, including payroll, rent, mortgages or other fixed debts, utilities, and other bills.