Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
-
Learn More
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
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 Fund Loans for Cleveland Businesses
On April 4, 2020, Mayor Frank Jackson announced the establishment of the Emergency Working Capital Fund for the purpose of reimbursing Cleveland businesses for certain business expenses incurred from March onward, such as rent, payroll, utilities, inventory, marketing, and other working capital needs. Applicants are eligible for up to a $10,000 loan with no fees, interest accrual, or payments of any kind until January 1, 2021. After January 1, 2021, the loans will bear a $150 monthly payment with a 1% interest rate until the loan is repaid. Funds are limited, so applicants are encouraged to apply as soon as possible.
Additionally, the Director of Economic Development has deferred payments on loans funded from the city’s resources until October 1, 2020. The Director is currently engaged with grantor agencies to secure payment relief for loans funded through these resources. The Department of Economic Development has begun implementing this accommodation, and many borrowers have already been relieved of their payment obligation due on April 1, 2020.
Government or Lead Agency
Department of Economic Development
Dates Available
Effective immediately
Eligibility Requirements/Restrictions
Cleveland businesses that were operating as of March 1, 2020 and have been negatively impacted by the COVID-19 situation are eligible for a loan from the Emergency Working Capital Fund. Additionally, the Emergency Working Capital Fund is only available for certain business expenses incurred from March onward, such as rent, payroll, utilities, inventory, marketing, and other working capital needs. Funds are limited so applicants are encouraged to apply as soon as possible.
Payment deferral for existing loans is only available for loans funded through the city’s resources.
Application Deadlines (If Applicable)
N/A
Contact for More Information
N/A
List of Additional Information
© 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.