The Growth Loan
Small businesses often find it difficult to access affordable capital with reasonable terms. They’re much less likely to receive an approval than their larger counterparts through traditional banking methods, and as a result entrepreneurs are turning to other financial options to find capital.
We believe that small business owners are the unsung heroes in communities. Every day, these hard-working entrepreneurs struggle to identify adequate sources of capital to grow their business. Today in America, roughly 80% of small businesses cannot access a loan from a bank, and community banking is down 50% over the past decade. As the primary employers in the United States, a lack of capital stifles both innovation as well as job creation.
Small-business lending has been stuck in a slow, grinding recovery behind most other types of business and consumer loans. Traditional lending options still lack the flexibility needed to support small business growth..
Why The Growth Loan Fund
Our Growth Loan Fund was established to meet these needs for capital of small businesses in the Louisville region. And the goal is to reward great character and ideas by providing access to funds without the headaches and requirements normally associated with credit approval.
The Growth Loan provides simple access to funds for your growing business and bridges the gap to bankability.
Our Growth Loan Fund is a character-based loan up to $35,000 for small business owners who cannot access capital through traditional underwriting methods. More than anything, our Growth Loan Fund process is a conversation. Establishing confidence in you, the borrower, is an important piece of the equation. Loan use is flexible including working capital, website improvements, and more. We have built an accessible loan product without the headaches and requirements that are normally associated with the hunt for financing.
Here are some of the features of our Growth Loan Fund:
Grow — We offer up to $35,000 for businesses to increase inventory, buy equipment, or on anything else that a business might need to flourish. Our loans provide small businesses with the capital needed for growth.
Relationships — A personal review process builds relationships with business leaders that want your business to succeed. We will support your business by providing insight on opportunities to grow rather than focusing solely on a critical evaluation.
Time — We know owners of small businesses have limited free time. Our process is quick and provides the greatest value and efficiency to business owners needing capital.
Cost — We refuse to offset risk with high-interest rates. Instead, we address risk during the review process through character endorsements and personal interviews. Unlike online services, we provide interest rates that are at or below market.
Our Growth Loan Fund for small businesses looks beyond your credit scores, financial collateral, and initial sales patterns. These historical methods of evaluation should not be done away with, but history has proven that evaluating small and large businesses in the same manner limits the flow of capital to these valuable components of our communities.
our growth loans
- Arise Career Network
- BAREfit Adventure Training
- Birdgang Brand
- Bellweather Solutions
- Entomology Solutions
- Farm to Fork Catering
- Louisville Cream
- Misc. Goods Co.
- Moelicious BBQ
- US Chia
- Victory Hemp Foods
How We Helped
Access Venture’s Growth Loan Fund is designed to encourage and assist business development by providing financing for both start-ups as well as small private business enterprises pursuing high impact projects, expanding operations, increasing or retaining employment, and/or to becoming more profitable. The Fund is self-perpetuating through loan repayments by borrowers where the revolving characteristic will allow it to serve as a long term source of funds into the future. The fund will be administered by the Access Ventures Revolving Loan Fund Committee.