COVID-19: Resources For Lakewood Businesses
The City of Lakewood, LakewoodAlive and the Lakewood Chamber of Commerce are partnering to provide accurate information and resources for Lakewood businesses affected by COVID-19. This is a rapidly evolving situation and we will continue to update this page as new information becomes available. If there are any questions or concerns, please contact one of the resources provided in the contacts list.
Click here to read the Ohio Department of Health Stay at Home order and an explanation of what is an essential business.
Business Emergency Funding
Paycheck Protection Program
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. The loan amounts will be forgiven as long as:
- The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; and
- Employee and compensation levels are maintained.
Find more information at www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp
SBA Economic Injury Disaster Loans now open for Ohio Small Businesses
Thanks to a concerted effort by our partners throughout the state, Ohio small business can now apply for SBA Economic Injury Disaster Loans (EIDL).
How do I apply?
- Online at SBA.gov/disaster
- Need help? Access these step-by-step online instructions
- Still need help? Call the SBA’s Disaster Customer Service Center at 800-659-2955 or email email@example.com. Individuals who are deaf or hard-of-hearing can call 800-877-8339.
SBA Fact Sheets
- SBA Fact Sheet
- Small Business Guide and Checklist
- SBA 7(a) Loan Program and SBA Disaster Assistance Loans Comparison
- If this update was forwarded to you, sign up our emails: sba.gov/updates.
- Follow us on Twitter @SBA_Cleveland
Need Help Applying?
- Small Business Resource Center
- Click here for more information about Cuyahoga County’s Small Business Resource Center
City of Lakewood Small Business Rent Relief
Due to the volume of applications and the desire to get funding out as soon as possible, the application will be closed at 11:59 PM on Friday, March 27, 2020. The City is currently processing the applications it has received.
The usual one-week waiting period for unemployment has been waived. Eligible employees who are out of work due to COVID-19 should file immediately.
Ohio offers a “shared work” system that may let you keep key employees on a reduced work schedule while they also draw partial unemployment benefits. Information is at: http://jfs.ohio.gov/factsheets/SharedWorkOhio-FAQs.stm
Add your business to the Lakewood Business Directory
In an effort to deflect the financial impact of the COVID-19 Novel Coronavirus, The Lakewood Chamber of Commerce, LakewoodAlive, the City of Lakewood, and the entire community are working together to gather a list of Lakewood restaurants, retailers, salons, and more that offer gift certificates, online shopping, delivery and/or takeout.
We’ll promote the list to local residents with a message to help staunch the loss of revenue local merchants are experiencing due to slower traffic, mandatory restrictions for dining in at restaurants and taverns, and self-quarantine.
If you are a Lakewood merchant that offers gift certificates, online shopping or takeout, we highly encourage you to add your own information here.
This list will be published and shared in the coming days.
Please contact us for any additional information or to discuss any of the available programs available to small businesses.
Patricia L. Ryan
CEO & President
Lakewood Chamber of Commerce
Department of Planning & Development
City of Lakewood
Other Business Resources & News+-
SBA Guidance for Businesses and Employers
CDC Interim Guidance for Businesses and Employers
Information about the precautions businesses can take to help protect their workforce
Facebook Small Business Grants Program www.facebook.com/business/boost/grants
ServeOhio Project Support https://serveohio.org/Grants-Funding/National-Days-of-Service-Funding