Cathy
Walsh
Program Director
cwalsh@lcedc.org
440-357-2290 ext 34
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Microloan
Programs
To
qualify for either of our programs, the following eligibility
requirements must be met:
- Must
be a Lake County Enterprise
- Must
be unable to secure conventional financing from a lending institution
- Start-ups
and existing companies eligible. New companies may be required
to attend business classes
- For
profit manufacturers, retailers and service providers are eligible
- Company
must receive ongoing business counseling from a Small Business
Development Counselor or SCORE representative
- Job
retention goals applied
- Loans
for machinery, equipment, inventory, real estate, leasehold
improvements, remodeling and gap financing will be considered
- Loans
will not be considered for working capital or debt refinancing
- Only
applicants with clean credit histories will be considered for
the Quick Capital program
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Lake
County Microloan Program
- Amounts
from $1,000 - $20,000
- Terms
up to 60 months
- Fixed
rate
- Closing
fees kept to minimum
- Personal
guarantee of all owners with 10% or more equity
- Collateral
requirements
- Applicant
must submit a 2-5 page business plan
- $50
non-refundable application fee
Download
Application
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Lake
County Quick
Capital Loan Program
- Amounts
from $1,000 - $5,000
- No
business plan or financials required
- Terms
up to 60 months
- Fixed
rate
- Personal
guarantee of all owners with 10% or more equity
- No
collateral requirements
- $50
non-refundable application fee
Download
Application
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This Organization Practices
Equal Treatment of Clients
We do not discriminate on the basis of race, color, religion, sex, marital status, disability, age or national origin in services or accommodations offered or provided to our employees, clients or guests.
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