Alternate Funding Options
The Greater Hamilton Chamber of Commerce has partnered with several companies to provide additional funding resources to service our members and area businesses. These are alternative funding options to meet the changing needs of your business. We may be able to help your business.
The Chamber has applications for all the loan programs on hand and will submit the application for your business.
For more information contact: Tami Walton at 513-844-1500.
The following are the funding sources currently available:
A partnership with First Financial Bank offering low interest loans up to $10,000 to businesses within the City of Hamilton only. These loans are 2% above the prime interest rate and can be paid back over a 4 year period. Loans are based on personal credit score. This is a good option for a start up business, but must have a business plan. Business revenues are $500,000 or less and have 10 or less employees.
The Business Backer
A Chamber partnership that is an economic development tool for small businesses. This short term funding option offers financing amounts ranging from $5,000-$250,000. Minimum requirements include at least one year in business, over $180,000 in annual revenue, a credit score of 550 or above, and a physical location. The application process only takes a few minutes and you can receive funds in as little as two business days.
The CORE Fund provides financial resources for qualified residential and commercial real estate projects within Hamilton’s urban core. By leveraging a multitude of financial tools into one powerful partnership, the CORE Fund is able to maximize results of strategic projects that will revitalize the city. Established as a not-for-profit 501(c)(3), the CORE works with the City of Hamilton, the State of Ohio, and members of Hamilton’s corporate community to establish a model of excellence for Hamilton’s urban redevelopment.
Downtown Special Improvement District (SID) Incentive Program
The IMPROVE Program (Incentives to Maintain Proper Restoration Of Valuable Edifices)
is a building assistance program to assist the SID's downtown building/business owners improve the exterior facades. Only building and/or business owners that are located within the Downtown Special Improvement District may apply for this program.
The approximate boundaries of the SID are High street on the north, Martin Luther King Boulevard on the east, Ludlow Avenue on the south, and Front Street on the west.
SID Program information and Application
Additional Financing Programs
The City of Hamilton has a variety of financial assistance programs to support the business looking to expand, relocate, or startup. These programs can also be used in addition to financial assistance and incentive programs available from the State of Ohio and the federal government. Additionally, Hamilton community partners offer a number of classes, seminars, programs, and workshops designed to develop and fine-tune business skills.
For more details contact City of Hamilton, Ohio Economic Development 513-785-7070
City of Hamilton, Ohio Design Assistance
In order to encourage the establishment of for-profit, new businesses and the expansion of existing businesses in the City of Hamilton, the City created and implemented the Design Assistance Program. The program provides business owners interested in renovating an existing or constructing a new building with a grant of up to $2,500, to be used for professional architectural/technical services.
Access Business Development & Finance, Inc.
This organization's mission is to help small businesses realize their development and expansion goals. They serve Southwest Ohio and offer SBA 504 financing. The purpose of the 504 loan program is to enable small businesses to finance up to 90% of fixed assets with 3 benefits: Low Down Payments, Long Terms, and Very Competitive Fixed Interest Rates. For more information, visit Access Business Development & Finance, Inc. or (513)777-2225.
Contact us to apply for a loan or with questions about any of these funding programs.
Funding is not guaranteed.
Approval on individual basis.
The funding options have various criteria for each program.
Do not disqualify yourself from any program until you contact us.
There are additional alternative financing options other than the programs listed above. For more information on those resources contact Glenn Clevenger, SCORE at firstname.lastname@example.org.
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