Grow America Fund

Do you know about NDC's Grow America Fund (GAF)? The fund provides SBA-guaranteed credit to small businesses in partnership with client communities throughout the country. It operates as a community development bank to support the creation or expansion of eligible small businesses in underserved urban or rural areas, and of minority- or women-owned businesses.

NDC’s mission means that GAF lending differs from conventional lending by providing:

-Patient Growth Capital – Longer, more patient terms mean smaller monthly loan payments, giving the borrower more time to reach full potential.
-Small Loans – GAF’s loans range from $50,000 to $2,000,000.
-Lower Down Payment – Higher loan-to-value ratios allow the business to maximize equity available for growth capital.
-Lower Interest Rate – Community development, not profit, is our goal so we can provide lower interest rates.
-Better Structure – GAF matches the term of the loan to the life of the assets being financed, and matches debt service to available cash flow.

Learn more here.