Old Market Capital Secures $21.3M Broadband Expansion Loan

The latest announcement is out from Old Market Capital ( (OMCC) ).

Old Market Capital Corporation has announced that its subsidiary, Amplex Electric, Inc., received approval for a $21.3 million loan from the USDA’s Rural Development Broadband ReConnect Program. The loan, which must be drawn by October 2029, will fund the expansion of fiber broadband in Ottawa and Sandusky County, Ohio. This strategic move aligns with Old Market Capital’s shift from consumer finance to a holding company focusing on broadband and other sectors.

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