OH SB166

Amends Ohio Revised Code sections 122.71 and 122.76 to permit minority business enterprise direct loans to be used for increasing working capital in addition to other approved purposes.

Establishes a cap of $500,000 maximum that the director can lend for the purpose of increasing working capital.

Excludes working capital loans from the 75% loan-to-value limitation, allowing larger loan amounts for this specific purpose.

Maintains existing requirements that borrowers demonstrate ability to compete in the private sector with financial, technical, or managerial support.

Preserves prohibitions on lending funds for motor vehicles or accounts receivable.