COLUMBUS – State Rep. George Lang (R-West Chester) applauds a new partnership among JobsOhio, Peoples Bank, and First Federal/Home Savings Bank that will commit $50 million to support existing small business clients. The Community Bank Loan Guarantee will provide lending support to companies negatively impacted by the COVID-19 pandemic and assist business clients with maintaining operations and payroll.


“I support this public-private partnership that will provide businesses with the assistance they need during this crisis,” said Lang. “Small businesses are a vital part of our economy and community, and I encourage the companies in my district to see if they are eligible for these loans.”


The partnership with JobsOhio enables Peoples Bank, First Federal Bank/Home Savings Bank to provide additional financing on favorable terms for local businesses in good standing that would otherwise not be able to access this credit on such terms due to the COVID-19 crisis. JobsOhio’s support provides these banks additional capacity to increase their lending to existing business clients by up to $200,000 per business, with funds available for immediate use.


To check business eligibility and to apply, please visit one of the following community banks’ websites:


 
 
 
  
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