Banking and Financing Options
Local Banks

Garrettsville has two local banks, both of which offer a wide range of business accounts, loan programs and services.

Middlefield Banking Company

The Middlefield Banking Company has been a partner in small business since its inception in 1901. As local business grows the need is very real for inventory management, expansion loans and lines of credit. Small and mid-sized, established and start-up businesses can utilize them for real estate mortgages, capital improvement/equipment loans, and corporate lines of credit. They can also play a key role in SBA loans and Ohio Linked Deposit funds.


Huntington National Bank

Find out how Huntington Bank can help make your business a success.


Village Grant & Loan Programs

The Village of Garrettsville has programs in place to help eligible business finance approved projects.

Boardwalk Revolving Loan Fund

The Village of Garrettsville offers an opportunity to borrow from the Boardwalk Revolving Loan Fund to eligible properties and businesses for approved projects.


Village of Garrettsville Facade/Structure Treatment Loan Program

The Village of Garrettsville offers an opportunity to borrow from the Facade/Structure Treatment Loan Program to eligible properties and businesses for approved projects.


Other Programs

Various County, State, and Federal programs are also available to businesses. Special thanks to Matt Bellin, Vice President/Commercial Lender, Middlefield Banking Company for assembling this list of programs.

ReEnergize Ohio

ReEnergize Ohio offers up to a 3% interest rate reduction on new or existing small business loans. Small Businesses may apply the interest rate reduction on up to $550,000 of a new or existing loan for four years.


SBA 504 Loan

Financing through Middlefield Bank and the SBA for up to 90% of the project costs. Can be utilized for the purchase of new or existing land and buildings (including additions), machinery & equipment, leasehold improvements, fixed assets associated with purchase of an existing business.


Ohio Grow Now Loan Program

Financing through Middlefield Bank, with reduced interest rates. Provides an interest rate reduction of 3% for the first 2 years of the loan, up to a loan amount of $400,000. One new job must be created for every $50,000 loaned through the program.


Neighborhood Development Services

Neighborhood Development Services (NDS) in conjunction with Middlefield Bank provides low interest loans and fixed financing for business loans for persons interested in starting a new business, expanding their current business or those in need of renovation. County and USDA funds are available through NDS.


Portage County Microenterprise Loan Program

Through funding from the Portage County Board of Commissioners, funding is available to low and moderate income business owners who are planning to launch or expand their business in Portage County. Loans ranging from $5,000 to $15,000 are made for working capital, inventory, equipment, and business start-up.


"We love where we live - and we live where we work. Garrettsville- It's not too far from anywhere!"
Dolores A. McCumbers
Broker/Owner - MB Realty

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