We help provide low interest loans to Northeast Ohio businesses.

Small Business Administration Loan Program provides long-term, fixed rate financing at below market interest rates.

Loans for small businesses in Mentor, Ohio provide financing of up to $25,000 at fixed rates for a five-year term.

Low-Cost Financing

Since 1983, MEACO (Mentor Economic Assistance Corporation) has been helping businesses with long term, fixed rate financing. MEACO was originally established as a tool to stimulate small business growth in Mentor, Ohio. Today, MEACO assists small businesses throughout the tri-county area. Numerous businesses, as well as local communities, have benefited from economic expansion projects financed through MEACO. Since its inception, MEACO has helped new and existing businesses obtain financing for building construction, expansions or new equipment purchases. This work has resulted in the retention and creation of more than 1,500 jobs.

SBA 504 Loan Program

  • Fixed rate, SBA-backed loans
  • Financing for expansion or renovation
  • Financing for new equipment
  • Financing for acquiring land and building
  • 10 or 20 year loan terms
  • Low down payments -- as little as 10%!

Download SBA 504 PDF


Introduction to MEACO

City Of Mentor Small Business Loan Fund


Learn about The City of Mentor Loan Fund

  • Fixed for 5 years at prime rate
  • $5,000 minimum, $25,000 maximum
  • Financing available for building expansion or renovation
  • Financing for new machinery & equipment, office equipment and fixtures
  • Available to manufacturing, commercial enterprises, retailing and warehousing and distribution businesses
  • Bank participation required

Download Small Business Loan Fund PDF
Application PDF

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Borrower Tools