Business Loans and Grants

The Shaker Vision Fund

Targeted to established, growing businesses ready to move into office space in Shaker Heights, the Shaker Vision Fund offers a forgivable loan for tenant improvements and equipment purchases based on income/payroll taxes the City will collect over a three- to five-year period.

The Shaker Partnership Loan

The Shaker Partnership Loan is a loan program created in partnership with Cuyahoga County and the Small Business Administration (SBA). The program is available to Shaker Heights businesses that qualify for an SBA loan, improving loan-to-value and leverage, decreasing risk, and facilitating business expansion.

  • Businesses will contribute a minimum 10 percent equity for the loan
  • City of Shaker Heights and the County will contribute the other 15 percent of equity as a performance grant
  • The SBA loan will encompass 65 to 75 percent of the total project

Download more information about the SBA Partnership Loan (PDF)

The Shaker Heights Business Microgrant

The City of Shaker Heights and the Shaker Heights Development Corporation partnered to create a pilot Shaker Heights Business Microgrant, a new incentive that rewards small businesses for creative, innovative projects and collaborations. Thanks to a grant from Citizens and a match from the City of Shaker Heights, we want to support and encourage businesses to be even more imaginative, work together, and be community leaders. For more information and to apply, click here.

For help determining the best incentive program for your business needs, email the Economic Development Department or call at 216-491-1335.