The MicroLoan Pilot Program is designed to provide financing to for-profit start-up and existing small businesses in Cuyahoga County who cannot qualify for conventional bank financing.
Micro Loan Pilot Program Brochure
Micro Loan Pilot Program Application
Program Requirements
Business must meet the following requirements:
- Successfully complete the technical assistance program at the SCORE offices.
- Submit a completed business plan which includes financial projections (for businesses less than 3 years old)
- Existing businesses must submit 3 years of prior financial history.
- Demonstrate the inability to obtain financing from a traditional lending source by providing two Letters of Denial from a conventional lending institution.
- Must be current on all local, state and federal debt.
- Submit a credit release, authorizing Cuyahoga County to obtain personal and corporate credit reports.
- Complete a loan application and submit supporting documentation.
- Businesses must demonstrate adequate collateral, credit and capacity to repay the loan.
Contact Information
Jeanetta Johnson
Development Finance Analyst
216-443-7378
Email: jjohnson@cuyahogacounty.us