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
Restoration Working Capital Low Interest Loan Program
As part of Mayor Jackson’s ReStart CLE plan, businesses can receive low interest loans of (i) up to $100,000 for large businesses (more than 30 employees) and (ii) up to $25,000 for small businesses, as well as additional resources that are available through the city’s EDA Working Capital Loan Program for companies with additional need. Eligible businesses can apply loan proceeds towards accounts receivable, rent/mortgage payments, utilities and payroll.
Government or Lead Agency
City of Cleveland
Dates Available
Effective immediately
Eligibility Requirements/Restrictions
To qualify, applicants must have been operating on March 1, 2020 and must demonstrate an impact on cash flow or revenue due to the coronavirus. Preference will be given to applicants that are unable to obtain other coronavirus-related capital, are able to retain and/or restore pre-coronavirus employment and show a substantial negative impact on revenues.
Application Deadlines (If Applicable)
Not available
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.