Get more than just a loan from this community-based SBA Preferred Lender.
- Best for SBA loans from a community-based lender.
- Pick something else if you want fast funding under $100,000.
$100,000
Min. Amount
$2,000,000
Max. Amount
Details
| Product Name | NDC Grow America Fund |
|---|---|
| Min. Amount | $100,000 |
| Max. Amount | $2,000,000 |
| Loan Term | Up to 25 years |
| APR | Varies |
| Requirements | 3+ years in business, $100,000+ revenue, 4+ employees, no real estate investment or development projects, for-profit business that’s not a financing provider |
- At least three years in business
- Annual revenue of at least $100,000
- At least four employees
- No real estate investment or development projects
- Not a financing provider
- For-profit business
First, do I qualify?
You must meet the following requirements at a minimum to qualify for an NDC Grow America Fund loan:
- At least three years in business
- Annual revenue of at least $100,000
- At least four employees
- No real estate investment or development projects
- Not a financing provider
- For-profit business
You’ll also have to meet additional requirements for SBA loans.
What makes NDC Grow America Fund business loans unique?
NDC is both a CDFI and SBA Preferred Lender that offers a wide range of services beyond just funding. It offers a hands-on approach to ensure your business gets the right type of financing to maximize your positive impact on the local community. It also might be able to get you your loan faster than other SBA lenders, thanks to its Preferred Lender status.
Pros
- CDFI and SBA Preferred Lender
- Long loan terms
- Loans up to $2 million
- Offers training courses, technical assistance and more
Cons
- Down payment required
- Minimum employee requirement
- No loans under $100,000
