Grow America Fund
National nonprofit lender making term loans and SBA 7(a) loans of $10,000 to $5 million to small businesses.
About
Grow America, formerly NDC, says it offers "Term loans that fuel business growth" and "Business loans from $10,000 to $5 million", SBA 7(a) loans among them, and that "businesses anywhere in the United States can apply for a loan with Grow America". It names buying "new machinery, vehicles, or technology for business operations" among the uses of a 7(a) loan. Its lender is on the CDFI Fund's list as Grow America Fund, Inc. Who it is for: Established and new small businesses, including ones that fall outside the criteria for a traditional bank loan.
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