The Grow Sacramento Fund can provide loans of between $75,000 and $2,000,000. Loan proceeds may be used for a variety of business purposes, including the acquisition, construction or rehabilitation of a building, leasehold improvements, machinery and equipment, and long-term working capital. GSF cannot offer lines of credit, provide equity or venture capital, or fund Research and Development.
The Grow Sacramento Fund is a unique economic development partnership established and capitalized by the Sacramento Municipal Utility District (SMUD), the City of Sacramento, Sacramento County and the National Development Council (NDC) to assist eligible small businesses within Sacramento County obtain the financing required to grow their small businesses.
NDC is a nationally recognized Small Business Lending Company licensed by the Small Business Administration (SBA) and is also a Community Development Financial Institution (CDFI) as designated by the United States Department of the Treasury, CDFI Fund. Loans are administered through NDC’s wholly-owned affiliate, the Grow America Fund (GAF).