There's almost always opportunities to learn more about Small Business Administration loan programs, and this summer, programs from the SBA will come to Ohio as part of a cross-country tour to promote tech and STEM businesses in particular. While the SBA has overseen this tour for two years previously, this year it will specifically focus on tech under the title of "Seeding America's Future Innovations."
According to a press release from the SBA, the initiative will bring several federal departments and agencies to communities throughout the U.S., with the Small Business Innovation Research program at the head. Interested businesses may want to try to qualify for some of the $2.5 billion funding set aside for tech firms.
"The tour is split into three legs, and will visit Cleveland in the week of July 17."
The tour is split into three legs, and will visit Cleveland in the week of July 17, during the middle stretch. All together, the tour will take place from May to September, with the final stop being in Honolulu.
Ohio tech companies have gained praise in the past before. The large companies in the 2016 Fortune 100 Best Place to Work list included Hyland, with a headquarters in Westlake.
According to that ranking, the software company, said to have 1,788 workers at that time, wasn't just an example of a successful tech company but one with a notable raft of health and child care services.
Businesses in tech and other industries can all benefit from increased resources for expansion, development and renovation. The SBA 504 Loan Program can offer creative capital finance options for construction and other expenses in different industries. Businesses with a net worth lower than $15 million can read more about the requirements and possible uses here, in preparation for the tour or other projects of their own.