Beachwood Business Compass
Welcome to the Beachwood Business Compass, a podcast created by the City of Beachwood's Office of Economic Development (OED). The OED designed this podcast with local entrepreneurs and small businesses in mind. This comprehensive guide provides resources to navigate the hyper-local business community. Whether you're an established enterprise, a growing startup, or a small business owner, the Beachwood Business Compass supplies the insight and inspiration you need to chart your path to success.
At The Beachwood Business Compass, our mission is simple: to connect local businesses with the tools, insights, and opportunities they need to thrive. By sharing success stories, offering expert advice, and spotlighting premier business resources, we aim to empower Beachwood businesses to achieve growth, overcome challenges, and unlock new possibilities.
Beachwood Business Compass
Beyond the Bank: Alternative Financing for Small Businesses
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This month’s Beachwood Business Compass podcast explores alternative financing options for small businesses outside traditional banking institutions in Beachwood and the greater Cleveland region. The discussion features the Economic & Community Development Institute (ECDI), a leading SBA microloan intermediary and Community Development Financial Institution, and the Hebrew Free Loan Association (HFLA) of Northeast Ohio, a provider of interest-free loans since 1904.
Together, these organizations take a holistic approach to lending, supporting small businesses with working capital, debt consolidation, training and certification loans, and other nontraditional financing options. Guests Jasmon Dixon of ECDI and Carrie Miller of HFLA share how their programs go beyond funding to help small businesses grow and succeed.