Addresses small businesses and start-ups need for capital when traditional lenders are unwilling to take on the risk. HFLA’s 0% interest loans enable businesses to meet demand and grow their company.

Important things to know:

• Loan applicants must be businesses located in the 8 county service area (Cuyahoga, Geauga, Lake, Lorain, Mahoning, Medina, Portage, Summit, and Trumbull) that are unable to obtain the money from a conventional lender or other sources.
• The maximum loan amount is $10,000.
• Each owner of the company having a 20% or more interest, shall guaranty the loan.
• Additional collateral may be requested at the discretion of the loan committee/board (Cost associated with filing a security interest in favor of HFLA is borne by the Borrower).

Learn more: How to Apply

Download application below.  

Featured image: Businesses Loan Recipient, Angela and her daughter; Owner of PipeNHot Grill.