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Business Loan Assistance | Geauga County Department Of Community And Economic Development

12611 Ravenwood Dr., Ste. 370, Chardon, OH 44024

Eligibility

There may be qualifications for certain loans such as job creation.

Required documents

Three years historical financial information three years projected financial information interim financial information personal financial statements resumes description of business and project cost estimates for project letter of commitment from participating bank. Depending on the project, other information may be required. The loan must be secured by a mortgage, and/or a purchase money security interest, a participation agreement, a security agreement, and personal guarantee.

Hours

M-F: 8:00am-4:30pm.
https://geauga.oh.gov/community-economic-development
[email protected]

Application process

Phone M-F: 8:00am-4:30pm.

Fees

There may be an application fee.

Service area

Geauga County, Ohio

Description

Provides direct loans at below prime interest rates on a portion of a project to enable companies to acquire conventional financing or other financing on the remainder of the project. Will consider all projects of merit which create long-term, permanent jobs. Can be used for new businesses and expansions. Will also help small businesses apply for state and federal business loans.

Data provided by

211 Cleveland

Providing organization

Geauga County Department Of Community And Economic Development

Provides programs addressing public improvements, fair housing, septic and well improvements and rehabilitation of existing housing stock.