Funding Options: More Details About Our Growing Loan Program
At GROW, we want your business to succeed, and we’re here to do whatever we can to help make that happen. Enter our loan program. Our business loan options are extensive and designed to help entrepreneurs start or grow their businesses when traditional financing or small business loans from a bank are not an option. It’s unique in that our solutions are designed to work with you every step of the way. We want to do all that we can to check in on the status of your business, connecting you to resources, following up regularly, and ensuring your success however we can.
With a thriving small business community in West Michigan, now is as good a time as ever to act on your business idea. You’re not alone if you don’t have all the funding you need to get started. Our loan program gives startups and entrepreneurs many options with loans that can be used for a variety of things including business equipment, supplies and inventory, working capital, and removable leasehold improvements. Plus, 100% of our loan customers receive guidance and support through free business counseling, expert coaching, and access to training programs and classes to learn even more.
“We handle all of our loan programs and documentation in house, including underwriting. Our mission is to help people get funding and loans when they do not meet the requirements of traditional banks and lenders, so they are able to start their business.” – Kelli Smith, Business Development Officer/Loan Coordinator
GROW’s loan program has deployed over $1.6 million in loans to date. Funding options continue to be a growing this part of our organization to ensure the access to capital and technical support small businesses need to succeed.
As a CDFI (Community Development Financial Institution) we provide loans to small business owners, entrepreneurs, and community organizations that might not qualify for bank loans. These loans go toward financing businesses, creating jobs, and rebuilding neighborhoods. We’re incredibly proud to have received this designation and are dedicated to using it to build our community up by supporting small businesses and economic development.
Small Business Loan Products
At GROW, we offer Rapid loans, Microloans, Michigan Good Food Fund loans, and Participation loans, and all details can be found on our loan program page here. You’ll find more information on loan amounts, interest rates and who these loan products are designed for.
If you’re looking for small business loan options and are having trouble with traditional lenders, contact us or sign up for our FREE Intro to GROW class to learn about all the options available to you.