LATEST NEWS: State Designates $125M of CARES Act Funding to Small Business Relief Grants

Governor Mike DeWine recently announced the designation of $125 million of federal CARES Act funding to provide $10,000 grants to aid small businesses hurt by the current crisis. Designation of additional funding was also announced for bars and restaurants, higher education, and nonprofits and arts organizations. The Small Business Relief Grant application period will open Monday, November 2, at 10 a.m. Applications will be approved on a first-come, first-served basis and eligible small businesses are encouraged to get ready to apply. 

>> Learn more and read GCP's comprehensive guide to apply to the Small Business Relief Grant program

In This Together Cleveland: Supporting Small Businesses

These Northeast Ohio companies want to show their support for small businesses through COSE, the nation’s premier small business organization. Through their support, they are strongly declaring “we are in this together and we stand behind Northeast Ohio’s small business community.”

Resources and Updates for Small Businesses

>> GCP Advocacy Team: Coronavirus Aid, Relief, and Economic Security (CARES) Act Summary

>> U.S. Chamber of Commerce: Save Small Business Initiative

>> U.S. Chamber of Commerce: Guide to PPP Loan Forgiveness 

>> Responsible RestartOhio Guidelines and Information

>> Cuyahoga County: Small Business Stabilization Fund

>> Greater Cleveland COVID-19 Rapid Response Fund

Paycheck Protection Program Information

Program Overview

• Top-line Overview of PPP
• SBA Paycheck Protection Program Loan Report
• SBA Paycheck Protection Program Loan Report Round 2 – Updated 5/3
• Summary of Paycheck Protection Program Round 2 Data – Updated 5/15

For Borrowers

• More information
• Search Tool: Find an Eligible Lender
• How to Calculate Loan Amounts
• Borrower Application Form
• Applicable Affiliation Rules

For Lenders

• More information
• Lender Application Form
• Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions
• Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders
• SBA Procedural Guidance on Participation Sales – Updated 4/24 
• Lender Assistance Hotline: (833) 572-0502

Program Rules

• Frequently Asked Questions – Updated 5/19
• Interim Final Rule 1
• Interim Final Rule on Applicable Affiliation Rules
• Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
• Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility – Updated 4/24

For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.

SBA information in languages other than English.