Ohio Capital Access Program (Ocap) Claim Form - Ohio

Ohio Capital Access Program (Ocap) Claim Form is a legal document that was released by the Ohio Development Services Agency - a government authority operating within Ohio.

FAQ

Q: What is the Ohio Capital Access Program?
A: The Ohio Capital Access Program (OCAP) is a lending program that helps small businesses in Ohio access capital.

Q: What is the purpose of the OCAP Claim Form?
A: The OCAP Claim Form is used to request reimbursement for loan losses incurred by lenders participating in the OCAP program.

Q: Who is eligible to use the OCAP Claim Form?
A: Lenders who are participating in the OCAP program and have experienced loan losses can use the OCAP Claim Form.

Q: What information is required on the OCAP Claim Form?
A: The OCAP Claim Form requires information such as the borrower's name, loan amount, and details of the loan loss.

Q: What documentation should be included with the OCAP Claim Form?
A: Lenders should include relevant loan documents, such as the promissory note and loan agreement, along with the OCAP Claim Form.

Q: When is the deadline to submit the OCAP Claim Form?
A: The deadline to submit the OCAP Claim Form is typically specified by the Ohio Development Services Agency (ODSA).

Q: How long does it take to process the OCAP Claim Form?
A: The processing time for the OCAP Claim Form can vary, but lenders can generally expect a decision within a few weeks to a few months.

Q: Is there a fee to submit the OCAP Claim Form?
A: No, there is no fee to submit the OCAP Claim Form.

Q: Are there any other requirements or considerations for using the OCAP Claim Form?
A: Lenders should review the OCAP program guidelines and instructions provided by the ODSA to ensure compliance with all requirements.