Join NOACC and Chamber Members around the area for a
´╗┐Virtual Speed Networking Event

  May 20th 8:30-10am

Participating Chambers:
  • Aurora Chamber of Commerce & Visitors Bureau
  • Nordonia Hills Chamber of Commerce
  • Streetsboro Area Chamber of Commerce
  • Twinsburg Chamber of Commerce 
PORTAGE COUNTY COMMISSIONERS COVID-19 
RE-START ASSISTANCE LOAN PROGRAM


In an effort to assist those businesses preparing to re-start their business after the government mandated shutdown, the Portage County Commissioners are offering working capital loans to assist small businesses re-start operations. 

These loans are 24-month amortized repayment period at an interest rate of 2% with an initial 3-month deferral of principal and interest. 
Loan Criteria:
  1. Taxes must be current through 3/31/20
  2. Borrower must be able to demonstrate, based on the previous 2 years tax returns or financial statements, that payments can be made at a minimum DSC of 1:1.
  3. Borrower must provide a detailed description of the use of funds.
  4. Minimum of 1 LMI Job Retained (Business owner does not qualify)
  5. Collateral will be a UCC filing on all business assets, or for longer terms, Real Estate.
  6. Personal Guarantees of all owners with more than 20% ownership are required.

Businesses will be eligible for up to $10,000 in Economic Development Revolving Loan Funds for working capital to restart their businesses.

Interested businesses should contact:

Jen Davis: jdavis@ndsohio.org
                                                                                                                  
Jim Shank: jshank@ndsohio.org
                                                                                                                          



UH Healthy Restart Playbook

How can Northeast Ohio businesses and non-profits best prepare to reopen their doors?

University Hospitals medical experts explain the science behind infection control measures recommended by current official guidelines and how you can consider implementing it in your workplace.

Now more than ever we could all use some "GOOD NEWS" and positive updates.

We recently created a link on our Web Page:

If you have something you would like to share please email us at :
SACC@StreetsboroChamber.org
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