Lakewood Small Business Grant Program « The City of Lakewood, Ohio -

Additional Information


Lakewood Small Business Grant Program

Lakewood’s Small Business Grant Program offers local businesses & entrepreneurs seeking to locate in Lakewood a 100% forgivable loan up to $50,000 to cover 15% of total start-up or expansion project costs.

Requirements

  • Minimum 10% owner equity contribution
  • 75% financing via SBA-guaranteed loan
  • SBA Small Business Development Center (SBDC) consultation
  • Creation of at least (1) new job

Terms

  • 3 years
  • 0% interest
  • Forgiven @ 1/3 per year in exchange for job creation

Eligible Uses

  • Leasehold improvements
  • Real estate acquisition
  • New construction
  • Exterior improvements
  • Signage
  • Equipment
  • Working capital
  • Additional uses considered on a case-by-case basis

Get started today by completing the SBPG Intake Form!

For additional information please contact Dan Wyman @ 216.529.7680 or daniel.wyman@lakewoodoh.net