tiprankstipranks
Old Market Capital Secures $21.3M Broadband Expansion Loan
Company Announcements

Old Market Capital Secures $21.3M Broadband Expansion Loan

Pick the best stocks and maximize your portfolio:

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.

Learn more about OMCC stock on TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App