Buckeye Business Advantage

Take advantage of Cardinal’s small business loan discount interest rate of 1.87%*

Cardinal Credit Union is proud to partner with the Ohio Treasurer’s Office to offer the Buckeye Business Advantage, a program designed to help small businesses across Ohio access the capital they need to grow, invest, and create jobs. Through this initiative, eligible businesses may obtain low-interest loans made possible by the Ohio Treasurer’s Office and its commitment to supporting local enterprise.

Reduced interest rates on small business loans to qualifying Ohio-based businesses.

The Ohio Treasurer’s Office supports these loans through a linked-deposit arrangement, enabling Cardinal Credit Union to pass savings directly to borrowers, ensuring Ohio businesses have access to cost-effective financing solutions that strengthen both their operations and the communities they serve.

Get Started Today!

Small business owners interested in learning more about the Buckeye Business Advantage program should contact Cardinal Credit Union for additional information or click the button below.

Learn More

Frequently Asked Questions

What is Buckeye Business Advantage?

It’s a collaboration between the State Treasurer’s office and participating financial institutions to help Ohio entrepreneurs and small business owners start or grow their businesses by proving a reduced interest rate loan.

Who qualifies?

To meet the State Treasurer’s criteria, the business must:
  • Be headquartered in Ohio
  • Is at least 51% domiciled in Ohio
  • Must have 150 or fewer employees, at least 51% of whom are Ohio residents
  • Is organized for profit
  • Use the loan exclusively for business purposes
  • Agree to comply with all program and financial institution requirements

Why is the state offering this program?

This is part of the State’s plan to lay the groundwork for future economic success by providing opportunities for Ohioans starting or growing their businesses. From home-based businesses to small manufacturers to other entrepreneurial endeavors, and more, these Ohio businesses can take advantage of below-market interest rates to access flexible capital.

Are new and existing businesses eligible?

Yes, there is no requirement for length of time in business to qualify for the interest rate discount.

Where can this loan be opened?

Qualifying business owners can visit state-approved participating credit unions or banks, like Cardinal Credit Union, to apply.

Are there any requirements for loan usage?

The loan must be used only for business purposes, for example: operating costs, payroll, expansion, equipment upgrades, staffing, inventory, and marketing to name a few.

How does the process work?

The participating financial institution submits the online application on behalf of the business owner. Once submitted, the Ohio Treasurer’s Office reviews the application for eligibility, and approves eligible applicants.

*rate updated quarterly.

Back To Top