Coppermead Business Funding, a small-business funding service in Springfield, Ohio, collects Clark County business figures from the Census Bureau: employer and nonemployer counts, size classes, leading sectors, ZIP-level counts and self-employment. It explains the kinds of lenders serving Springfield, funding by purpose, the city income tax in a funding file, and buying an existing business.
At a glance
- Employer establishments
2,196 (CBP 2023)
- Without paid employees
8,170 (NES 2024)
- Fewer than five employees
46.1% of employers (our arithmetic)
Clark County, OH Employers in Census Counts
Clark County had 2,196 employer establishments in 2023, with 42,831 employees and $2,008.5 million in annual payroll (Census Bureau, County Business Patterns 2023). Of those establishments, 1,012 had fewer than five employees, 46.1% (our arithmetic). A separate program counted 8,170 businesses without paid employees in 2024 (Census Bureau, Nonemployer Statistics 2024); the two programs measure different things and are not added together.
| Sector | Employer establishments | Share under 5 employees |
|---|---|---|
| Retail Trade | 342 | 36.5% |
| Other Services (except Public Administration) | 284 | 53.5% |
| Health Care and Social Assistance | 281 | 37.4% |
| Accommodation and Food Services | 238 | 27.7% |
| Construction | 186 | 65.6% |
| Professional, Scientific, and Technical Services | 151 | 70.9% |
| Manufacturing | 137 | 25.5% |
Retail leads on establishments; manufacturing leads on payroll, with $407.7 million paid to 7,251 employees in 2023 (Census Bureau, County Business Patterns 2023).
Business Lenders and Funding Partners Serving Springfield, OH
Banks, credit unions, community development lenders, online lenders, equipment finance companies and merchant cash advance providers all lend or advance to Springfield businesses. No two of them read a request the same way. The guide to business lender types in Ohio compares them.
Coppermead Business Funding sits apart from that list. It matches your request with funding partners, who review it and make their own decision on approval, amount, cost and terms. A request can be sent by phone at (937) 442-5419 or through the request form.
Springfield, OH Business Loans by Purpose
| Purpose | Option | Clark County, OH example |
|---|---|---|
| Payroll before a receivable lands | Working capital | One of 186 construction employers waiting on a draw |
| Buying a practice or shop | Term loan | One of 37 dental offices changing hands |
| Repeat supply gaps | Line of credit | A restaurant's weekly food invoices |
| Stock ahead of sales | Inventory financing | One of 342 retail employers restocking |
| A machine or vehicle | Equipment financing | One of 45 metal fabricators adding a CNC mill |
| Card-heavy sales, short need | Merchant cash advance (not a loan) | A salon or a counter-service kitchen |
The funding options page compares all six in detail.
One Springfield, OH ZIP Code and the City's Self-Employed Residents
ZIP 45502, one of the ZIP codes serving Springfield, had 359 employer establishments in 2023 with 8,262 employees; 54.6% had fewer than five employees (Census Bureau, ZIP Code Business Patterns 2023). Other services led the ZIP with 59 employers, followed by construction with 41. ZIP boundaries and city limits do not line up.
Self-employed workers made up 7.6% of employed Springfield residents (margin of error 1.4 points), 8.1% countywide (margin 0.9) and 8.1% statewide (Census Bureau, American Community Survey 2020-2024 five-year estimates). In the county, 5.8% worked in their own unincorporated business and 2.3% in their own incorporated one.
Springfield, Ohio City Income Tax: Where It Fits in a Funding File
Ohio cities can levy a municipal income tax on wages and on business net profits, and Springfield's is administered by the city. For a funding request, the city tax shows up in two places: the business's own net profit filings, and the withholding an employer collects from employees. A partner reading a payroll request may ask whether withholding is current.
Springfield, Ohio Income Tax Division
The city's income tax division handles business registrations, net profit returns and employer withholding accounts. Its contact details are on the City of Springfield website. Keep its filing confirmations with the business tax returns; partners read the two together.
Small Business for Sale Springfield, Ohio: What Buyers Line Up Before Funding
- Get the seller's last two or three years of tax returns and financial statements.
- Confirm what is included: equipment, inventory, the name, the lease.
- Check the premises against the city's zoning before you commit.
- Work out the cash you will put in.
- Send a term loan request with the price range and the business type.
The Springfield, OH zoning and building permit guide covers the premises side.
Browsing Business for Sale Clark County, Ohio Listings With Funding in Mind
A listing tells you the asking price and a summary of earnings. A funding partner wants more: the seller's actual tax returns, a list of assets, the lease terms, and the reason for sale. Ask for these early. If the seller will not share returns under a confidentiality agreement, a partner cannot read the business.
Retail, health care, restaurants and construction lead Clark County's employer counts alongside other services (Census Bureau, County Business Patterns 2023); the industry pages cover the buying-an-existing-business questions for each.
Coppermead's Address, Phone and Form for Clark County, OH Owners
Coppermead Business Funding, 28 S Market Pl, Springfield, OH 45502. Phone (937) 442-5419. Owners across Clark County and in Troy, OH can call or send the form; the areas served page lists nearby towns.
Who Coppermead Business Funding serves in the Springfield, OH area
The partner network reviews Springfield, OH employers in most sectors, from contractors and construction trades and restaurants and food service to medical and dental practices and retailers and wholesalers that carry stock. Each partner sets its own standards for each decision.
Bank and tax records to assemble in Springfield, OH
- Statements for the business checking account for roughly the past three to six months
- A year-to-date P&L and a balance sheet for the same period
- A valid driver's license or passport for each owner of record
- Articles of incorporation or organization and the letter that confirms your EIN
- A summary of existing loans, leases and advances that shows each balance and payment
- If the money buys equipment, the dealer quote that shows the item, the seller and the cost
Requirements vary from one partner to the next; expect these items in most cases.
What unfolds after a phone call from Springfield, OH
- Call (937) 442-5419 or use the form to share the amount and what it is for.
- Your request is passed to partners whose programs fit the purpose you gave.
- Each partner looks over the request; the decision is the partner's alone.
- Any offer deserves a close look at total cost, payments and conditions, and say yes only if it fits your plans.
Businesses in Springfield, OH can handle a request without visiting an office.
By Coppermead Business Funding ยท Updated