Complete Story
08/07/2024
Advocating For You & Your Hotel
OHLA Supports Efforts to Increase Lending to Hotels
OHLA has signed on to an effort to increase the maximum loan amount for the Small Business Administration 7(a) program from $5 million to $10 million. Doubling the existing cap would open up opportunities for new loans to more of the hotel industry.
State Program Offers Tax Credit for Mixed-Use Developments
Ohio want to increase mixed-use construction and building improvements with a tax credit that can be used to finance new construction or renovations of vacant buildings, including land acquisition, demolition, construction, site work and more.
