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
How Discover Bank Increased Access to Capital for Local Businesses Through a Grow America Partnership
Matthew Parks understood firsthand the challenges small businesses face in securing longer term fixed rate financing. Variable rates and shorter-term loans typically offered to small businesses create uncertainty that can limit a business’ willingness and ability to expand and grow.