Growth Capital News

CRF Business Loan

Growth Capital is now partnering with Community Reinvestment Fund, USA (CRF) to bring the CRF Business Loan to the markets we serve.

This creative capital mechanism will allow Growth Capital to offer more than just our traditional SBA 504 and Ohio Regional 166 loan products to borrowers throughout our markets. Growth Capital is expanding the opportunities for businesses in Ohio and expanding opportunities for our lending partners to find creative financing solutions for growing business by working with Growth Capital.

We are continuing to seek out other innovative ways to expand opportunities with other economic development partners as well and hope to announce more new and exciting opportunities in 2009.

Community Reinvestment Fund, USA, (CRF) brings together community development lenders and socially-motivated and market rate investors to increase the amount of capital invested into our local communities nationwide.

CRF helps community development lenders accomplish their missions by providing them with greater access to capital. At the same time CRF enables institutions, social investors and accredited individuals to meet their social investment goals. CRF makes this happen by operating the secondary market for community development financing. Specifically CRF purchases economic development loans from community lenders across the country and pool them into asset-backed securities and New Markets Tax Credits (NMTC) investment funds sold to institutional investors through private placements. Since 1988 CRF has injected more than $825 million into economic development lending.

John Kropf, Executive Director

Phone: 216-592-2343: E-mail: Jkropf@growthcapitalcorp.com

Juan Hernandez, Business Development Director

Phone: 216-592-2255; E-mail: Jhernandez@growthcapitalcorp.com

Kirby Freeman, Portfolio Manager / Loan Officer

Phone: 216-592-2308; E-mail: Kfreeman@growthcapitalcorp.com

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