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Ohio
Short-Term Lending Company Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $100,000
Term Length: 1 year
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Ohio Short-Term Lending Company Bond Guide

If you’re operating a short-term or small loan business in Ohio, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect borrowers from harm if small loan companies break state laws
  • Who Needs It:  Small loan lenders seeking a  license in Ohio
  • Regulating Body: The Ohio Division of Financial Institutions
  • Required Coverage: $100,000
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is an Ohio Short-Term Lending Company Bond? 

An Ohio short-term lender bond, also known as a small loan bond, protects borrowers from harm if loan providers break state laws.

The Ohio Division of Financial Institutions requires this bond as part of the licensing process for any business that provides high interest loans less than or equal to $5,000.

How Much Do Small Loan License Bonds Cost in Ohio?

Ohio short-term lender or small loan company bonds cost a small percentage of the $100,000 bond amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$100,000Short-Term Lending Company Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Short-Term Lending How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get an Ohio short-term lender bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the bond directly to NMLS on your behalf. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does an Ohio Short-Term Lending Company Bond Work? 

As with all surety bonds, a short-term lender bond creates a legal contract between three parties: 

  1. Principal: You, the short-term lending company filing the bond
  2. Obligee: The Ohio Division of Financial Institutions requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding all applicable provisions of the Ohio Small Loan Law. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your short-term lender bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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