Applications for SBA Stabilization Fund Closes Today May 15, 2020 at 5:00 pm!
The Small Business Stabilization Fund brings together partners from across Cuyahoga County to support small businesses during the COVID -19 pandemic. The program offers two types of financial assistance for small businesses: Stabilization Grants and Stabilization Loans. Applicants who meet both grant and loan criteria (small businesses with 1 – 25 employees) will have the choice of applying for a grant of $2,500 – $5,000 or applying for a larger loan. The second round of applications for funding opened on Friday, May 8th at 9 a.m. and closes today Friday, May 15 at 5 p.m.
To pre-qualify for a grant or loan, please fill out the Stabilization Fund Application. https://cuyahogacounty.us/development/businesses/small-business-stabilization-fund
Eligibility Requirements:
- Must have a business in Cuyahoga County
- Must be a resident of Cuyahoga County
For details on eligibility requirements and repayment of loans, please visit the website:
https://cuyahogacounty.us/development/businesses/small-business-stabilization-fund
Businesses who applied in the first round, but were not selected for a grant, are welcome to reapply for the second round by completing the new application.
Businesses who received the grant funding the first round of applications are ineligible to receive funding the second time around.
*Please note, due to limited funding, not all that apply who are eligible will receive a grant or a loan.
