- Customizable, long-term business loans
- Between $50,000 and $1 million+
- Flexible, competitive interest rates
- Payback periods tailored to your business’s cash flow
Are you an established Santa Cruz business looking for working capital to grow?
Pre-apply today, get connected with one of our knowledgeable lending officers, and find the right loan to take your business to the next level.
Loans can be spent flexibly on:
- Working capital
- Machinery and equipment
- Leasehold improvements
- Real estate acquisition
- Eligible refinancing
- And more
Fees are subject to final loan structure and terms; may be paid from loan proceeds.
Eligible businesses must be:
- An established, operating business
- Located in Santa Cruz County
- Current on federal income taxes
Meet your loan officers
We have more than 25 years of experience working with small businesses and nonprofits. Let’s start a conversation today about your business and its funding needs.
“The application process with Grow America was relatively smooth and simple.
The team kept in touch with us to make sure that we had all of the documents completed correctly, and to let us know how the approval was proceeding and what to expect next.
Compared to other funding sources, Grow America was very responsive and clear in their communication. We felt like we were working with people who really wanted to help us succeed.”
— SignAge & ArtWorks Santa Cruz
Pre-apply today
Funding support provided by the Economic Development Administration (EDA).
More information
Resiliency Loan
- Loans up to $50,000 for working capital
- Streamlined application & approval process
- Low interest rates
Eligible businesses must be:
- Located in Santa Cruz. County
- Operating business, not a passive real estate entity
- In business for a minimum of one year at time of application
- Current on federal income taxes
Size and Terms:
- Interest Rate: 75% of WSJ Prime or 6.38% fixed
- Term: 7 years
- Repayment Schedule: Loans will be interest-only for 6 months. Interest only period may be extended based on demonstrated need.
- Fees: No application fee; closing cost of $500 will be amortized in the loan.
Uses of Funds:
- Loan proceeds may be used for working capital (including but not limited to payroll, rent, insurance, utilities, etc.).
Collateral:
- A UCC lien on business assets for loans over $10,000
- All owners owning 20% or more of the business will be required to execute a personal guarantee
Recovery Loan
- Loans up to $500,000
- Patient & flexible terms
- SBA 7(a) and non-SBA loans
Eligible businesses must be:
- Located in Santa Cruz County
- Operating business, not a passive real estate entity
- In business for a minimum of one year
- Current on federal income taxes
Size and Terms:
- Interest Rate: WSJ Prime + 1.5% (10% today)
- Term: 10-25 years depending on asset
Collateral:
- Collateral is required (subject to available collateral).
- All owners owning 20% or more of the business will be required to execute a personal guarantee.
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