Grow America Fund, Incorporated
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Grow America Fund, Incorporated
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 128 | $85.5M | $668K | 11.2% |
| 722513 | Limited-Service Restaurants | 48 | $14.0M | $291K | 4.2% |
| 812112 | Beauty Salons | 24 | $3.8M | $159K | 2.1% |
| 238990 | All Other Specialty Trade Contractors | 24 | $7.5M | $313K | 2.1% |
| 445299 | All Other Specialty Food Stores | 24 | $5.1M | $214K | 2.1% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 24 | $5.4M | $223K | 2.1% |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 24 | $5.1M | $211K | 2.1% |
| 456191 | Other | 16 | $4.8M | $300K | 1.4% |
| 524210 | Insurance Agencies and Brokerages | 16 | $8.7M | $545K | 1.4% |
| 312120 | Breweries | 16 | $4.0M | $249K | 1.4% |
Geographic Distribution
SBA lending activity for Grow America Fund, Incorporated by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Delaware (DE) | 168 | $126.4M | 14.7% |
| California (CA) | 264 | $121.5M | 23.1% |
| New York (NY) | 248 | $103.0M | 21.7% |
| Ohio (OH) | 160 | $51.5M | 14.0% |
| Florida (FL) | 88 | $43.8M | 7.7% |
| Washington (WA) | 96 | $42.9M | 8.4% |
| Oklahoma (OK) | 8 | $40.0M | 0.7% |
| Arizona (AZ) | 8 | $40.0M | 0.7% |
| Texas (TX) | 24 | $15.0M | 2.1% |
| Hawaii (HI) | 32 | $14.0M | 2.8% |
| Pennsylvania (PA) | 8 | $6.0M | 0.7% |
| North Carolina (NC) | 8 | $2.6M | 0.7% |
| Utah (UT) | 8 | $2.0M | 0.7% |
| South Carolina (SC) | 8 | $1.2M | 0.7% |
| Illinois (IL) | 8 | $1.1M | 0.7% |
| Maryland (MD) | 8 | $800K | 0.7% |
Why Choose Grow America Fund, Incorporated?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,144 SBA loans approved, totaling $612.0M in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Limited-Service Restaurants, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.88% with flexible term lengths averaging 163 months
- ✓Loan Range: Loan sizes from $75K to $5.0M, with an average of $535K
- ✓Nationwide Reach: Active lending in 16 states, with strong presence in CA, NY, DE
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Grow America Fund, Incorporated SBA lending
What types of businesses does Grow America Fund, Incorporated typically finance?
Grow America Fund, Incorporated specializes in SBA 7(a) lending to specific industries including full-service restaurants, limited-service restaurants, beauty salons, all other specialty trade contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Grow America Fund, Incorporated's typical SBA loan terms?
Grow America Fund, Incorporated's SBA 7(a) loans typically feature an average interest rate of 7.88% and average term length of 163 months (approximately 14 years). Loan sizes range from $75K to $5.0M, with an average loan size of $535K.
Do I need a business valuation for a Grow America Fund, Incorporated SBA loan?
Yes, Grow America Fund, Incorporated typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Grow America Fund, Incorporated compare to other SBA lenders?
Grow America Fund, Incorporated has originated 1,144 SBA loans totaling $612.0M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Grow America Fund, Incorporated lend in?
Grow America Fund, Incorporated provides SBA 7(a) financing with particularly strong presence in CA, NY, DE, OH, WA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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