The City of Morgan Hill has partnered with the National Development Council to provide a unique loan program, the Grow Morgan Hill Fund. This program offers loan amounts of $100,000 to $2 Million at very favorable rates and terms. Loans are available for permanent working capital, real estate acquisition, property improvements, machinery/equipment, and refinance of eligible debt.
Loans made under this program will be underwritten by GAF and guaranteed by the SBA. This loan program is available for Morgan Hill businesses city-wide provides qualified small business with SBA 7(a) loans. The NDC also offers Energy Efficiency Financing loans.
About the Grow America Fund
The Grow America Fund (GAF) is NDC’s wholly-owned Small Business Lending Company. GAF works with Community Partners across the country to provide access to capital for growing small business. As a mission-driven Community Development Financial Institution (CDFI), GAF lends to eligible small businesses that are beyond a conventional lender’s profile.
The financing provided is partially guaranteed by the U.S. Small Business Administration, and GAF has attained SBA “preferred lender status” nationwide. Community Partners benefit from the job creation and economic energy of small business growth - a key component of a healthy economy. Learn more at the National Development Council website .