Small Business Funding

For qualified businesses, the Small Business Initiative Program’s Performance Grant/Forgivable Loan can provide capital for a project up to 15 percent of the total cost, up to a maximum of $50,000. This funding assistance is utilized as the “gap-filler” between the bank loan offered and the total project cost. Ten percent equity from the business is also required.
This leveraging of resources makes difficult projects possible and solves working capital gaps, creating jobs, opportunities, and economic development.

“The SBA program was huge for us. When I had heard about it, I thought, maybe if I get a couple thousand dollars it would be helpful. I had no idea I would end up getting a $50,000 grant. I would highly recommend this program,” said Jeffrey Grano, Owner of Gone to the Dogs, a premier dog daycare and salon in Fairview Park.
For more information please visit the links below:
- Shaker Heights SBA-County-Municipal Initiative
- Maple Heights SBA-County-Municipal Initiative - Under Construction
- Fairview Park SBA-County-Municipal Initiative
- Cleveland Heights SBA-County-Municipal Initiative
- Lakewood SBA-County-Municipal Initiative