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City of Cleveland Emergency Working Capital Loan Program

The City of Cleveland is prepared to help businesses through the economic impact of the Covid-19 pandemic. The continued vibrancy of Cleveland's commercial corridors is vital to our community. In order to help maintain our business community, the City has established an Emergency Working Capital Fund.

The Emergency Working Capital Fund is a loan up to $10,000 to reimburse for operating costs incurred for the months of March onward. There are no fees with this application and no closing costs. Interest rate is 0% until January 1, 2021 at which time the interest rate is 1%. Payments commence as of January 1, 2021 at $150/month until the loan balance is repaid. 

Operating Costs eligible for reimbursement include rent, payroll, utilities, inventory, marketing and other working capital needs. In order to be eligible for the program the business must have been operating on March 1, 2020 and be negatively impacted by the Covid-19 situation. The application will be subject to credit review. Send completed applications to

For other federal, state and local resources available for businesses during the Covid-19 pandemic Learn more.