How we can help
SBA 504 Loan:
- 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%!
Mentor Small Business Loan Fund:
Created by MEACO and the City of Mentor as an economic development financing tool for small businesses.
- 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
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