Business loans structured to meet your needs

The SAGE Grow Eastside Fund is a $2 million revolving loan fund operated by SAGE in partnership with the National Development Council’s Grow America Fund, with additional funding provided by local bank partners. The goal of the program is to spur economic development in the Eastside Promise Zone by offering below-market-rate loans to business that locate or expand within the targeted area.

SAGE Grow Eastside Fund loans offers:

  • Lower interest rates
  • Longer terms, which translates to more affordable monthly loan payments

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 under GAF’s Small Business Lending Company license, and GAF has 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.

Funds can be used to:

  • Purchase land or buildings
  • Fund new construction or expansion
  • Convert existing facilities
  • Purchase equipment, machinery, furniture, fixtures or supplies
  • Obtain long-term permanent working capital, including accounts receivable and/or the purchase of inventory
  • Refinance existing business indebtedness

SAGE and the National Development Council are available to provide assistance with loan applications and to help businesses find additional technical assistance. Businesses seeking loans smaller than $250,000 are referred to LiftFund (formerly Accion Texas) for assistance.

 

Application Process

SAGE Grow Eastside Fund Partners

  • The City of San Antonio
  • Wells Fargo
  • Frost
  • Bank of America
  • Eastside San Antonio Partnership
  • National Development Council
  • Texas Capital Bank
  • The Bank of San Antonio
  • Jefferson Bank
  • Grow America Fund
  • Broadway Bank
SAGE Application Process
SUBMIT INQUIRY FORM
SAGE Application Process
EXPECT A CALL
SAGE Application Process
FILL OUT APPLICATION BEFORE MEETING
SAGE Grow Eastside Fund
GEF Info CardGEF Loan Application 2017

Contact

David Lukas – dlukas@ndconline.org
216-217-2412

Inquiry Form

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