Community Loan Funds
Transforming communities by empowering local businesses with access to capital is at the heart of what we do. In addition to our nationwide funding program, we offer specialized loan programs designed to meet the distinct needs of small business owners in more than 30 communities nationwide.
Community loan fund details
Each loan fund has unique offerings, but in general, feature:
- Loans from $100,000 – $5 million
- Competitive interest rates determined after we evaluate an application
- Terms up to 10 years for general loan uses (such as working capital or equipment purchase) or up to 25 years for real estate purchase
Community loan fund availability
While businesses anywhere in the United States can apply for a loan with Grow America, those located in the following communities have access to unique loan funds:
Cincinnati, OH
Cuyahoga County, OH
Delaware State
Detroit, MI
East St. Louis, MO
El Monte, CA
Erie County, NY
Gainesville, FL
Inglewood, CA
Kent County, DE
Long Beach, CA
Memphis, TN
Morgan Hill, CA
Nassau County, NY
Newark, NJ
New Castle, DE
Norwalk, CT
Port Arthur, TX
San Bernardino, CA
Seaside, CA
Seattle, WA
Sussex County, DE
Syracuse, NY
Tacoma, WA
Tracy, CA
Vallejo, CA
Wilmington, DE
Ready to move forward with a small business loan?
Apply for a loan with Grow America today, and you could receive a conditional approval within 10 business days.
Your small business
financing knowledge base
Read our latest tips and articles for small businesses and lending partners
A New Model for Economic-Development Partnerships: Sussex County, Discover Bank, and Grow America
Sussex County Economic Development (SCED) formed a powerful partnership with Discover Bank and Grow America. The collaboration secured a $6,250,000 capital contribution that generated nearly $25 million in financing to support new, expanding, and relocating small businesses.