Ohio Treasurer Richard Cordray's GrowNOW interest rate reduction program is designed to help small businesses grow by providing them with critical cash flow. When a business is approved for a loan from one of the hundreds of eligible banks in the state, GrowNOW provides an additional three percent discount on the loan's already-negotiated interest rate, when the loan is linked to creating or saving jobs in Ohio.

Here's how the program works: the Ohio Treasury places a certificate of deposit in the bank where the small business loan is held and agrees to take a three percent reduced interest rate on the State's deposit. In return, the bank passes the three percent savings along to the small business owners in the form of an interest lrate reduction.

With GrowNOW everyone gets to do what they are best at. The Treasury investments in Ohio. Banks make credit decisions. Small businesses create jobs for Ohioans.

If you are a Veteran, check out Veteran's Preference.

Small Business Owners: Are you ready to get started with GrowNOW? It's easy to apply and be approved for a loan. Find out how by clicking here.

Bankers: Do you need more details so you can begin offering GrowNOW to your valued clients? Click here.

Go to the GrowNOW Portal.