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Grow Sacramento fund

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).


The Grow Sacramento Fund provides small businesses in Sacramento County loans to grow their businesses.  The loans can be used for permanent working capital, to buy machinery and equipment, make leasehold improvements, refinance and existing loan or buy property.

The Grow Sacramento Fund is an attractive financing alternative because it provides:

  • Longer repayment terms—gives your business smaller monthly loan payments.
  • Lower down payments and interest rates— preserves business equity and maximizes resources for growth.
  • Customized loan structure—matches the term of the loan to the life of the assets being financed, ensuring debt service does not exceed available cash flow.
  • Flexible structuring and underwriting—provides a financing solution that best suits the needs of your business.


You must meet the minimum requirements to take advantage of the Grow Sacramento Fund.

  • A business that has been in operation for three or more years
  • A for-profit business located in Sacramento County
  • A business with a financing need above $100,000
  • A business with historical cash flow to service debt
  • A business which will create or retain jobs as a result of the loan
  • Nonprofits, real estate developers, and investment advisory firms are ineligible

Eligible uses of the funds:

  • Permanent working capital
  • Refinancing of non-SBA debt
  • Leasehold improvements
  • Property acquisition
  • Machinery & equipment
  • Funds cannot be used for equity needs, research and development, or as venture capital


There are a few more important requirements to obtain a loan. You or any of your co-owners with more than a 20% interest in your company must provide a personal guarantee. The loan must be adequately collateralized with available assets. You must also demonstrate that you can repay the loan with existing or projected cash flow.

You’ll need to provide the following information as part of the application process:

  • SBA Loan Application
  • A brief description of the project, including with funding sources and uses
  • A history and description of your company, which may be a business plan or summary
  • Corporate Tax Returns for the previous 3 years
  • Current Financial Statement, which may be an in-house statement, and current aging reports
  • Personal Tax Returns for the previous 3 years and Personal Financial Statement for all principles who own more than 20% of company stock
  • A Credit Release authorizing GAF to obtain personal and corporate credit reports

If you are interested in learning more or for an application package, please contact:

Diana Sasser

Grow America Fund



Diana Sasser

Grow America Fund



Matt Yancey




Rachel Hazlewood

City of Sacramento



Rick Balazs

Sacramento County