See How Much You Qualify For with Our SBA 504 Loan Calculator
Small businesses looking for long-term financing should really be in-the-know about the 504 loan Program. The U.S. Small Business Administration (SBA), with the help of Certified Development Companies (CDCs) like Growth Capital Corp., provides long-term financing of up to $5 million for major fixed assets. Promoting job creation and business growth in the small business […]
How to Get a Small Business Loan for Startups in Ohio
Entrepreneurs who want to start a small business in Ohio are in luck! The U.S. Small Business Administration (SBA) backs Ohio small business startup loans. SBA loans are competitive and have firm requirements, so it’s important to target the right loan for your new company. Follow these steps to successfully secure a startup loan in […]
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 […]