“We have been working on building our company since 1999 when were laid off from our jobs after working 26 years in a coal mine. Thanks to help from Buckeye Hills we have been able to get our company going. We were able to expand our business and hire employees. Thank you Buckeye Hills for your help.”
Jerry and Jack Archer, owners of J & J Construction in Sarahsville, Ohio.
Jerry and Jack Archer, owners of J & J Construction in Sarahsville, Ohio.
The Revolving Loan Fund (RLF) offers loans to businesses in conjunction with a bank. Such funds are used in the event that full financing cannot be obtained from a bank, or to fill the “gap” between a bank loan and the financing necessary to complete a proposed business project. The RLF will not provide 100% financing of a project. Since the conception of the RLF Program, the program has made 114 loans totaling of $6.6M.
These loans have created over 700 jobs and retained over 760 jobs for a total of 1470 jobs within the eight county region. With these funds, the RLF has generated $19.4 M in private funds invested in the region and an additional $3.4M of public funds. Total investment from all funds has been $29.4M.