Room 300-A, Business Administration Building
Kent State University
Kent, OH 44242-0001
330-672-1275
Below is a list of our current loan programs available for new and small businesses. To apply or for more information, please contact us.
Microloan Program
Through funding from the Small Business Administration (SBA), KRBA is the designated loan itermediary for Ashtabula, Carroll, Columbiana, Coshocton, Geauga, Harrison, Stark, Mahoning, Portage, Trumbull, and Tuscarawas Counties in Ohio. This loan is offered to individuals who have viable businesses, or business ideas and management skills, but who do not qualify for traditional loans.
Loans averaging $6,000 are made for working capital, inventory, equipment, and business start-up.
Kent Mini Loan
The purpose of the Kent Mini Loan is to make adequate and affordable credit more readily available to existing and start-up businesses in Kent. Loans are made in the amount of $10,000 to $50,000.
Eligible Uses:
- Acquisition of land and building or rehabilitation of owner-occupied premises.
- Acquisition of machinery and equipment.
- Working capital needed to purchase inventory and/or carry eligible receivables.
- Franhise fees.
- Leasehold improvements with a lease term of not less than five years.