Do I Qualify

Eligibility: All businesses that are considered for financing must meet SBA size standards, be a for-profit company in business for at least three years, and be able to demonstrate repayment through historical performance and projections.

Loan amount and rate: The Grow America Fund of Cuyahoga County can make loans ranging from $100,000 to $2 million as permitted by the SBA, at or below market rates.

Use of Proceeds: Loan proceeds may be used for any legitimate business purpose, including working capital, machinery and equipment, acquisition of land and building, construction, renovations and commercial tenant improvements. The Grow America Fund of Cuyahoga County, however, does not provide venture capital and cannot provide funds for research and development or to satisfy equity or near-equity needs. For loans that include real estate, the borrower must occupy 51% of an existing building or 60% of new construction.

Collateral: All loans must be adequately collateralized. Personal guarantees of the owners of 20% or more are required.


Working Capital:
7-10 years (up to 100% Financing)
Machinery and Equipment:
(up to 100% Financing)
Tenant Improvements:
(up to 100% Financing)
Acquisition of Real Estate:
Up to 25 years (10% Down, 90% Financing)
Up to 25 years (up to 100% Financing)