Growth Capital Corp.

This is a local bank that offers SBA loan programs and financial services designed to help small businesses grow and succeed. You can find expert guidance on SBA financing options, application processes, and tailored lending solutions to meet your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help you prepare the necessary documentation and streamline the process.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it's best to contact the branch directly for confirmation.

There are no fees for simply visiting or consulting with the bank; however, loan applications and processing may involve fees such as origination or closing costs, which are disclosed upfront.

This bank primarily serves small business clients across the United States, with a focus on local businesses in Cleveland, Ohio. Eligibility for specific services may depend on residency and business location.

A minimum personal credit score of 620 is generally required for SBA loan applicants, though higher scores may improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Growth Capital Corp. typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Growth Capital Corp. to confirm current weekend availability before you go.

Growth Capital Corp. is located in Ohio — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Growth Capital Corp., an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Growth Capital Corp. itself, which runs its own lending under its own ownership. If you work at Growth Capital Corp., you can claim this listing from this page to manage it.

The core details for Growth Capital Corp. — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Growth Capital Corp. before applying. If you represent Growth Capital Corp., claim this listing to keep its information up to date.

You can reach Growth Capital Corp. by phone at (216) 592-2332 or online at growthcapitalcorp.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Growth Capital Corp. before relying on them.

Based on its approved SBA loans, Growth Capital Corp. most often finances businesses in manufacturing, general retail, construction & contractors, restaurants & food service, wholesale & distribution, and medical practices & clinics. This reflects Growth Capital Corp.'s real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Growth Capital Corp. which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Growth Capital Corp. participates in SBA Express depends on its specific SBA lending authority. Contact Growth Capital Corp. and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Growth Capital Corp. can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Growth Capital Corp.'s appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Growth Capital Corp. directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Growth Capital Corp. what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Growth Capital Corp. to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Growth Capital Corp. to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Growth Capital Corp. weighs this case by case under its own policy, so be upfront about your history and ask Growth Capital Corp. how it evaluates prior bankruptcies.