Information for Borrowers

Appalachian Growth Capital
Appalachian Growth Capital (AGC) is a Community Development Financial Institution (CDFI), a special type of lending institution designed to support small busineses.*  AGC is an alternate funding source for small business projects in Ohio’s Appalachian-designated counties.

Working with banks, local loan funds and small business service providers, AGC will service the credit needs of the region’s small to mid-sized businesses, filling the funding gap between a company’s needs and what bank loans can provide.

Services are targeted to the businesses in Ohio’s 32 Appalachian-designated counties.

AGC was created by the Appalachian Partnership, Inc. to work with the Appalachian Partnership for Economic Growth to grow the economy of the region.

*As required by U.S. Treasury Regulations, AGC will start as a loan fund and then apply for CDFI status.

How to Get an AGC Loan

Loan Eligibility
AGC funds are available to new or expanding businesses.  They can help small businesses that have a hard time qualifying for conventional bank financing due to insufficient credit history, collateral loan-to-value issues, business experience or financial ratio issues.

• New Businesses and Expanding Businesses
• Purchase of Equipment, Machinery or Inventory
• Commercial Real Estate purchase
• Infrastructure Investment
• Start-up Operating costs and Working Capital
• Purchase of an existing Business
• Leasehold Improvements

The AGC will not fund restaurants or businesses serving alcohol or federally prohibited industries.

Loans and Terms
AGC’s has flexibility of setting terms with longer amortization than most banks can offer, which lowers monthly loan payments and improving a company’s cash flow.

• Loans of $25,000 to $100,000 are available.
• Terms are very flexible and depend on the  type of loan.
• Interest Rates and Fees are subject to current  market conditions.
• Lines of credit up to $100,000 are available with  monthly interest only payments.

Application Requirements
The following information is needed for loan application.  Documents must show the applicant’s ability to repay the loan.

New Businesses

• Acceptable Business Plan
• Two years of Cash Flow projections
• Projected Profit and Loss Forecast Two Years
• Personal Financial Statement
• Two Years Personal Tax Returns
• $250 loan application

Existing Businesses

• Minimum two years of actual financials (Company  Prepared and Tax Returns)
• Projected profit and loss statement  (If the company has)
• Current Debt Service Schedule
• Accounts Payable and Accounts Receivable  Aging Reports
• $250 loan application

Resources are available for businesses that need help completing a business plan and financials.