Need an SBA Loan for Your Nonprofit?
The Small Business Administration (SBA) offers attractive loans to help new and existing small businesses grow and thrive. The SBA, however, has strict guidelines on the type of companies that are eligible for their small business loan programs. SBA loans for most nonprofit organizations, for example, are unfortunately not easily accessible or available. But, don’t […]
PPP Loan Updates and Alternate Options for Small Business Financial Support
As summer progresses, so do small business efforts to learn about and adapt to the effects of COVID-19. Yet even as more businesses begin to reopen their doors, bolstered by guidance and loan resources from the Small Business Administration (SBA), questions and uncertainties in today’s pandemic environment continue to abound. Growth Capital has taken numerous […]
5 Ways Growth Capital Can Help Your Small Business Weather COVID-19
For many, the world seems upside down these days in light of the COVID-19 pandemic. However despite the personal and professional challenges we’re facing in the current environment, Growth Capital is committed to being resilient in the face of change. As a Certified Development Company (CDC), we’ve been busy ensuring our efforts continue to bring […]
5 Signs Your Business is Ready to Apply for an SBA Loan
Are you ready to take the next step to grow your business? If you’ve hit a wall with your business plan, have plateaued in sales or are simply looking for a change—it might be time to apply for a business loan that can provide the stimulation your business needs to get over the hump. A […]
2019 Growth Capital Community Impact Recap
Looking back at 2019, it was a busy year for all of us at Growth Capital. Not only did we continue to impact our communities throughout Ohio through creative financing solutions that help local businesses grow, but we realized our own biggest achievement year to date as a company. Notably, we surpassed our goal of […]
How Do Small Business Loans Work? From Application to Approval
A whopping 99.9 percent of businesses in the United States are small businesses—about 30.2 million—according to the Chamber of Commerce. Whether you’re already among this growing number or looking to join in with your own entrepreneurial venture, you may be considering a loan to help you achieve your business goals. But which small business loan […]
SBA 504 versus 7a Loan: What’s the best-fit loan for your small business?
Only 48 percent of small businesses overall have their financing needs met, according to a 2019 Small Business Credit Report. Are you among the more than half of small businesses still lacking the capital needed to succeed or scale to the next level? If so, it’s important to know your options. The Small Business Administration […]
Resources and Loan Options For Ohio Minority-Owned Businesses
Studies show that minorities own an estimated 29 percent of classifiable businesses, which are growing at twice the rate of non-minority businesses. Is yours on track to be on the side of success? If you’re based in Ohio, minority businesses have multiple state-funded resources to help with critical needs such as business development, training, getting […]
7 Steps to Starting a Small Business in Ohio
Small businesses currently make up 99.6 percent of all businesses in Ohio, and that number continues to grow. Could you be a part of the next wave of local small businesses contributing to the state’s economy? Perhaps you’ve been thinking about starting your own business for a while. You’ve figured out what you want to […]