For one, we are being resilient, which is leading to a positive IMPACT.
We’re making loans that’s for sure! Just funded six (6) new loans for nearly $1MM and in the past few
days we just received SBA approval for another four (4) loans for over $2MM !!! That’s resilient and it’s
getting capital into the hands of small business at a critical time and we’re not slowing down. New loan
volume is also very brisk with new loan applications being underwritten as I send this message, and we’re
reviewing appraisals, environmentals and responding to regulatory requests all while keeping a keen eye
on overall risk mitigation management.
Growth Capital is also supporting small businesses by assisting borrowers with loan deferment requests
to give them just a little bit more time. Additionally, we are connecting companies with the SBA Disaster
Relief Online Loan Application, for those experience a negative impact from our current health crisis.
We’re participating in the SBA Secondary Market and issuing Debentures to investors. We’re paying
vendors, making payroll, buying supplies and investing in new equipment purchases right now and
playing our own small but vital role in adding to a resilient economy. We’re also learning new approaches
to our business and adapting to our market. Growth Capital is being resilient and innovating…”Necessity
is the Mother of Invention” still holds true today as it did nearly 2,500 years ago when first recorded in
Plato’s “Republic” .
That’s not everything we’re doing either. We talking to so many great people; small business owners,
banking partners and all of our CPA and attorney friends. We’re solidifying relationships that are just as
important today as they will be years from now. We’re also doing sensible things, making prudent choices
and loving and supporting our families and if you’re reading this message you’re part of the Growth
Capital family and we are here for you today, despite the current challenges we all share, and sharing in
this resiliency, we’ll be here tomorrow too, all while looking forward to a bright future together.
Wishing everyone all the best,
Growth Capital’s Paycheck Protection Program (PPP) Application:
SBA Diaster Loan Application:
Small Business Guidance & Loan Resources: