The City of Santa Cruz has formed a partnership with the National Development Council (NDC), one of the oldest not-for-profit corporations specializing in community and economic development, offering a series of focused loan programs serviced by NDC, designed to support small businesses within Santa Cruz.

1. Grow Santa Cruz Revolving Loan

• Customizable, long-term business loans
• Between $50,000 and $1 million+
• Flexible, competitive interest rates
• Payback periods tailored to your business’s cash flow

Loans can be spent flexibly on:

• Working capital
• Machinery and equipment
• Leasehold improvements
• Real estate acquisition
• Eligible refinancing
• And more

Fees are subject to final loan structure and terms; may be paid from loan proceeds.

Eligible businesses must be:

• An established, operating business
• Located in Santa Cruz County
• Current on federal income taxes

Learn more and pre-apply here.

2. SBA Loan

Whether you’re looking for a loan for start-up costs, new equipment, inventory, business real estate, refinance high-rate debt, or other goals, Grow America can unlock the capital you need to take your business to get to your next step.

• Regional and local loan funds: Grow America offers 5+ regional and local loan programs throughout the United States that put affordable and flexible financing within reach for small businesses. We’ll automatically check to see if you qualify for one of these programs when you apply.
• SBA 7(a) loans: Low down payments, affordable rates, and longer loan terms make funding affordable for growing businesses, and funding up to $5 million is available. Feel secure knowing that you’re working with a local community lender and that your loan is backed by the U.S. Small Business Administration.

Learn more and apply here.