Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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Ohio
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on June 30, 2020.
For more up-to-date information on the relief programs available in Ohio, we recommend that you visit the state's Department of Health website.
Description of Program and Relief
Emergency Working Capital Program, Low Interest Partially Forgivable Loans for Specially Impacted Small Businesses
As part of Mayor Jackson’s ReStart CLE plan, certain businesses, including restaurants, personal care businesses and storefront retail establishments, may receive low interest loans up to $20,000 of which 50% ($10,000) is forgivable for costs associated with the purchase of personal protective equipment. Eligible businesses can apply loan proceeds towards rent/mortgage payments, utilities, payroll and personal protective equipment.
Government or Lead Agency
City of Cleveland
Dates Available
Effective immediately
Eligibility Requirements/Restrictions
Loans are only available to restaurants, personal care businesses and storefront retail establishments. To qualify, applicants must be a locally-owned small business operating in the City of Cleveland as of March 1, 2020 and demonstrate an adverse impact on cash flow or revenue due to the coronavirus. Preference will be given to entities that are unable to access other coronavirus-related capital, are able to retain and/or restore pre-coronavirus employment and show a substantial negative impact on revenues. Additionally, each business will be required to provide a business sustainability plan outlining how they anticipate changing and re-orienting their business in response to the changes in operations.
Application Deadlines (If Applicable)
N/A
Contact for More Information
N/A
List of Additional Information
Applicants who have already applied for the Emergency Working Capital Program do not need to submit the application again, but must submit a supplemental questionnaire provided on the application page.
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.