The Grow America Fund of Cuyahoga County is an economic development tool designed to assist eligible small businesses in Cuyahoga County, including the City of Cleveland. Grow Cuyahoga works to identify small businesses that have the potential to grow successfully and create jobs. With loans at reasonable (sometimes below market) interest rates, the longest possible term and with as little down payment as possible, Grow Cuyahoga can structure financing that will help these businesses realize their potential.
What Does the Grow America Fund of Cuyahoga County Offer a Borrower?
The Grow America Fund of Cuyahoga County offers affordable growth capital with a longer term and lower rate to borrowers who create jobs and investment in our community. In other words, loans with lower rates, a longer term and little or no down.
Does the Grow America Fund of Cuyahoga County Compete with Local Banks and Other Lenders?
No. The Grow America Fund of Cuyahoga County is meant to complement, not replace, existing sources of financing. GAF encourages the borrower’s bank or other lenders to participate in providing a portion of the total financing. The Grow America Fund of Cuyahoga County always works with existing lenders to structure the best financing available for the borrower.