Your small business client has big plans, ideas, and needs. When a conventional loan is not possible, Growth Capital is the answer.

Growth Capital Corp. has been successful in helping small businesses because of its ability to package various financing to meet small business owners' needs.

Growth Capital can make creative financing a reality. The SBA 504 loan program makes a great partner for a bank that considers an expansion too risky under conventional guidelines. Growth Capital can provide a second tier of financing at low, fixed rates and loans up to $5.5 million.

The December SBA 504 debenture interest rates are attractive. The 25-year fixed rate is 6.096%; the 20-year fixed rate is 6.204% and the 10-year rate is 6.52%.

The SBA Community Advantage is an excellent loan choice for businesses that need between $50,000 and $350,000 for working capital, inventory, business acquisitions, tenant improvements, and real estate purchases. The interest rate is Prime + 6 %, variable with a 10-year loan term and no prepayment penalty.

Since 1982, Growth Capital has provided more than $685 million in financing to area businesses, fostering economic growth and job creation in Northeast Ohio. 

Contact Juan Hernandez or Jeff Sozio at (216) 592-2332 to review an SBA 504 or a Community Advantage project.