Ohio New Small Business Growth
The Growth Capital team is elated by the news that once again, Ohio entrepreneurs have launched record numbers of small businesses. Last month, the Ohio Secretary of State reported that March’s new business filings were up 47% over March 2020 and set a new record for filings in a single month! The good news comes […]
Small Growth Recovery Is a Work in Progress
The Growth Capital team welcomes strong job growth news from the US Bureau of Labor Statistics. But we know small business recovery is a work in progress. That’s why we also welcome news that the Small Business Administration (SBA) is still focused on easing the COVID-19 pandemic’s impact on small businesses. At Growth Capital, supporting […]
Our Mission: A Commitment to Small Businesses
As a nonprofit certified development company (CDC), Growth Capital provides small business loans to Ohio-based companies with an emphasis on creating Northeast Ohio jobs. The team constantly seeks out helpful small business resources. We’re proud of our consistent record as Ohio’s top CDC. But nothing makes us prouder than fulfilling our mission to provide creative […]
Growth Capital’s Pandemic Support for Small Businesses
This time last year, it was business as usual for the Growth Capital team working with small businesses to identify and obtain the right Small Business Administration (SBA) loans and Community Advantage loans. Within weeks, however, business as usual was anything but. The COVID-19 pandemic began to affect small businesses. Some closed to comply with […]
5 New Year’s Resolutions for Small Businesses
At Growth Capital, we always resolve to connect clients with the right small business resources. In the spirit of the New Year, we suggest small businesses consider the following five resolutions: Review annual business plans Pursue new small business loans Access small business resources Invest in technology Create continuity Review annual business plans Small businesses […]
Small Businesses’ Silver Lining
There could be a silver lining for small businesses looking ahead to 2021. Yes, the pandemic has taken its toll on small business. More than 90,000 small businesses have closed, according to the September Yelp Local Economic Impact Report, despite federal and state small business loans and programs dedicated to easing the impact. But the […]
Taking On Small Business Challenges
Small business owners had high hopes for 2020, according to most small business surveys. For example, the MetLife & U.S. Chamber of Commerce Small Business Index showed they were confident in their own businesses’ health, their local economies, and the U.S. economy. Then came COVID-19. The pandemic prompted small businesses to shift gears, changing everything […]
Easy Guide to Ohio Small Business Resources
Ohio new business filings are breaking records. The number of new businesses created in August 2020 topped August 2019 filings by more than 72 percent, according to the Ohio secretary of state’s office records. Are you among them—or hoping to be soon? At Growth Capital, we know launching a new business is exciting, exhausting and […]
Helping Small Businesses Lead The Way To Recovery
Restoring America’s small businesses to pre-pandemic strength will play a significant role in America’s economic recovery from the COVID-19 pandemic. According to the National Federation of Independent Businesses, small businesses accounted for more than 65 percent of net new job creation between 2007 and 2017 — representing 99.9 percent of all employer firms and employed […]