ShoreBank Enterprise Group, Cleveland

ShoreBank Enterprise Group, Cleveland (SEC), 540 E. 105th Street, Cleveland, OH  44108.  Phone:  (216) 681-8990

While not really a "microfinance" organization,  (loans average between $35,000 and $300,000)  ShoreBank Enterprise Group's web site says SEC is:  "a nonprofit business development organization that works in target communities along with its sister organization, ShoreBank.  Established by city, civic, corporate and foundation leaders who saw a need to focus on the core city, SEC utilizes three loan funds to provide lending solutions to companies that are not ready for traditional bank financing. In addition to financing, customers can receive technical assistance help each business become more competitive and profitable. Finally, businesses can find affordable commercial space in SEC’s Glenville Enterprise Center – a facility that fosters business development in Cleveland’s Glenville neighborhood."  The web site includes links to other small-business, entrepreneurial-assistance groups in northeast Ohio.