Skip to main content
Home → Ohio → Mentor Economic Assistance Cor

Mentor Economic Assistance Cor

Mentor, OH 44060

SBA Certified Development Company
32
Loans Approved
$13.8M
Total Volume
$431K
Avg Loan Size
1
States Served

States Served

Ohio

Top Industries Financed

  • Limited-Service Restaurants
  • Car Washes
  • Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Whole
  • Beer, Wine, and Liquor Stores
  • Machine Shops

Quick Summary

Mentor Economic Assistance Cor is an SBA-certified Certified Development Company (CDC) headquartered in Mentor, Ohio. Since 2010, they have approved 32 SBA 504 loans totaling $13.8M, with an average loan size of $431K. They primarily serve Ohio businesses.

About Mentor Economic Assistance Cor

Mentor Economic Assistance Cor is an SBA-certified Certified Development Company (CDC) headquartered in Mentor, Ohio. Since 2010, they have approved 32 SBA 504 loans totaling $13.8M, with an average loan size of $431K. They primarily serve businesses in Ohio.

Before you apply — know where you stand

Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.

Check My FICO SBSS →

Helpful SBA 504 Guides

SBA 504 Eligibility504 Documents ChecklistHow to Choose a CDC

Frequently Asked Questions

What does Mentor Economic Assistance Cor do?

Mentor Economic Assistance Cor is an SBA-certified Certified Development Company (CDC) based in Mentor, Ohio. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Mentor Economic Assistance Cor handles the SBA-backed 40% portion of the financing structure.

How many SBA 504 loans has Mentor Economic Assistance Cor approved?

According to SBA FOIA public records, Mentor Economic Assistance Cor has approved 32 SBA 504 loans totaling $13.8M since 2010. Their average loan size is $431K.

What states does Mentor Economic Assistance Cor serve?

Mentor Economic Assistance Cor primarily serves businesses in Ohio.

How do I apply for an SBA 504 loan through Mentor Economic Assistance Cor?

To apply for an SBA 504 loan through Mentor Economic Assistance Cor, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.

Get in Touch with This CDC

Contact Mentor Economic Assistance Cor

Your information is never shared without your permission.

Ready to Apply for an SBA 504 Loan?

Compare all SBA 504 CDCs in Ohio or check if an SBA 7(a) loan is a better fit.

Browse Ohio CDCsCheck SBA 7(a) Eligibility →

SBA 7(a) loans up to $5M · Faster funding · Check in minutes