About Us

Our Programs:

Investments in housing and community development
Innovative lending and entrepreneurial support
Advisory support for community and economic development
Professional education and training

Stories of Impact



The Bank of America Small Business Reserve Grant Program announced a $125,000 grant for NDC’s small business lending arm, the Grow America Fund.  GAF is a non-bank lender and Community Development Finance Institution (CDFI) licensed to make SBA 7(a) loans with a guarantee securing 75-90% of every loan made. These grant funds will be added to the GAF equity pool to support the 10-25% unguaranteed portion of GAF loans.  For each $1 of grant funds, GAF can borrow up to $9 from its lending partners to fund small business lending.  The $125,000 in grant dollars will result an additional $1,000,000 of loan volume – funds that are sorely needed by the small businesses that GAF supports.

GAF is one of many CDFIs to receive grant funds from Bank of America through this $10 million program specifically designed to fund loan loss reserves.