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Microlending Success : In The News

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A busy week for new biz loans and programs

While most Clevelanders were finally finishing off the Thanksgiving leftovers, these organizations were busy announcing loans and programs aimed at helping area small businesses, entrepreneurs and employees with good ideas.
 
-A unique collaborative of organizations and institutions has launched a small business lending program to help African American and minority businesses create and maintain jobs for residents and build community wealth. With a focus on bringing capital to underserved groups, the National Urban League’s Urban Empowerment Fund, Morgan Stanley, the National Development Council, the Urban League of Greater Cleveland, and Cuyahoga County have come together to offer the Capital Access Fund of Greater Cleveland (CAF).
 
CAF is a three-year program that provides minority business owners with access to capital offering 50 loans totaling $8 million as well as pre- and post-loan counseling to ensure the success of those small business borrowers. With a goal of creating or maintaining a minimum of 300 jobs within those three years, CAF already has completed 8 loans totaling $1.4 million helping to create or maintain 70 local jobs.
 
Read more here.
 
-Bad Girl Ventures Cleveland celebrated their fall 2016 graduation and five-year anniversary on November 30th by awarding two $15,000 loans, in partnership with the Economic Community Development Institute (ECDI), to the following women entrepreneurs: Liza Rifkin of Liza Michelle Jewelry and Angelina Rodriguez Pata of Blackbird Fly Boutique. Both are located in Ohio City.

-The MetroHealth System hosted its second Think Tank Competition on November 30. Modeled after the ABC show Shark Tank, employees submitted their ideas for a chance to win money to fund projects for the betterment of MetroHealth. Two winners were awarded a cool $150,000 each.
 
Their projects include one aimed at the development of a strategic approach to reduce the risks of opioid dependence and addiction for patients and the community through integrated pathways, analytics, informatics, and education. The other will create a formal team/department to administer and coordinate all of event medicine needs.

Read more here.

 

Sabor Miami tops Cleveland Hot List

Fresh Water editor Erin O'Brien has extolled the virtues of Sabor Miami's rich, creamy and downright decadent Cafe con Leche (Cuban latte) as "the best cup of coffee she's ever had" both publicly and privately. It seems she's not alone.

The shop at 4848 Broadview Road, which we reported on in back in April, has been named the "Best Coffee Shop in Cleveland," by Cleveland Hot List.

Click here to see the list of venerable cafes Sabor Miami topped, but do so at your own risk - peruse this list and you'll be craving a cappuccino in no time.

Congratulations to proprietor Mariela Paz and kudos to all the nominees.
2 Microlending Success Articles | Page:
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