What SBA Offers To Help Small Businesses Grow

Cleveland, OH – Cuyahoga County is pleased to announce expansion of the Small Business Administration (SBA) Municipal Grant Program, a program that supports small business growth with financing to create jobs. There is nothing more disappointing to a borrower when they do everything that the bank asks, only to have their settlement offer declined because they didn’t know the parameters of the OIC process going in, and didn’t have a backup plan. However, unlike other funds, SBICs limit their investments to qualified small business concerns as defined by SBA regulations. Personal guarantees are required of each person who owns 20 percent or more of the borrowing business.

Small business is the lifeblood of the American economy and a significant generator of employment, creating more than 64 percent of new jobs, according to the U.S. Small Business Administration. The business pastime progressive process helps partnerships to qualify by means of giving …