Minority Financial Incentives >> Office of Minority Financial Incentives About The Program Loan guarantees are directed to businesses with fewer than 25 employees for fixed asset expansion projects of less than $100,000. The state has targeted 50 percent of the guarantee funds for allocation to businesses owned by minorities and women. Ohio's participation is in the form of a loan guarantee. The program assists small businesses who could not receive bank financing if it were not for the Ohio Mini Loan Guarantee Program participation. It is not intended for a small business simply to receive an interest rate reduction. If a bank would finance a project independently of the program, the state would not participate.