Are you an entrepreneur looking to grow your own business? Growth Capital Corp. is an SBA-certified, not-for-profit loan provider that can help make your American dream a reality. Browse our selection of small business loans below to find the one that best meets your needs.
Ohio 166 Regional Loan
Small business owners in Ohio looking for a long-term, fixed-rate loan to help finance specifically designated assets – such as property acquisitions, building renovations or equipment purchases – should consider taking out an Ohio 166 Regional Loan. This program can help fund up to 50 percent of total project costs for eligible borrowers with interest rates, depending on the community, fixed at as low as 3 percent.
SBA 504 Loan Program
This option, backed by the federal government’s Small Business Administration (SBA), offers loans at locked interest rates for businesses looking for fixed asset financing. An SBA 504 loan can cover up to 40 percent of the total project’s cost – dispersing from $50,000 to up to $5.5 million per loan, depending on the industry – with payment schedules spread across a 10- to 20-year period. This makes for an ideal choice for business owners looking for long-term, low-interest rate financing with minimum down payments required.
Growth Capital SBA Community Advantage Loan Program
With a maximum loan size of $250,000 and an interest rate capped at the Prime Rate plus 6 percent, the Community Advantage Loan can help small businesses increase their credit access and provide funding for building and machinery purchases, property renovations or debt refinance. Additionally, the Community Advantage Loan Program offers technical or management counsel for borrowers at their request.