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NDC Grow America Fund business loans review

Get more than just a loan from this community-based SBA Preferred Lender.

  • Best for SBA loans from a community-based lender.
  • Pick something else if you want fast funding under $100,000.
1.0 ★★★★★ (1 review) Write a review


Min. Amount$100,000
Max. Amount$2,000,000
Loan TermUp to 300 months
Requirements3+ years in business, $100,000+ revenue, 4+ employees, no real estate investment or development projects, for-profit business that's not a financing provider

First, do I qualify?

You must meet the following requirements at a minimum to qualify for an NDC Grow America Fund loan:

  • At least three years in business
  • Annual revenue of at least $100,000
  • At least four employees
  • No real estate investment or development projects
  • Not a financing provider
  • For-profit business

You’ll also have to meet additional requirements for SBA loans.

What makes NDC Grow America Fund business loans unique?

NDC is both a CDFI and SBA Preferred Lender that offers a wide range of services beyond just funding. It offers a hands-on approach to ensure your business gets the right type of financing to maximize your positive impact on the local community. It also might be able to get you your loan faster than other SBA lenders, thanks to its Preferred Lender status.


  • CDFI and SBA Preferred Lender
  • Long loan terms
  • Loans up to $2 million
  • Offers training courses, technical assistance and more


  • Down payment required
  • Minimum employee requirement
  • No loans under $100,000

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How do I apply?

You can get started on your application over the phone by calling 212-682-1106 or filling out a quick online form.

Follow these steps to begin your application online:

  1. Go to the NDC website and click Products and Services.
  2. Scroll down to Small Business Lending and select Grow America Fund.
  3. Enter information about the loan you’d like to borrow. Click Continue.
  4. Enter details about your business. Click Submit.

Wait for a representative from NDC to reach out and discuss your options. If you decide to follow through with the application, follow their directions to complete the SBA forms and submit required documents.

NDC doesn’t give an estimate of its turnaround times. But SBA loans can take at least a few weeks to process, even with a Preferred Lender.

What documents do I need to apply?

NDC doesn’t list required documents for its Grow America Fund loans. But SBA loans typically come with a long list of documents and forms. You can learn what to expect by reading our guide to SBA loan applications.

How do repayments work?

SBA loans typically come with monthly repayments, which can stretch up to 25 years, depending on your loan amount. Look to your loan documents to get the specifics of how much you owe and when your loan is due. Reach out to NDC as soon as possible if you have any questions or concerns.

Learn how NDC compares to other lenders by checking out our guide to business loans.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

National Development Council (NDC) Grow America Fund could be a good option if you’re looking for an SBA lender that supports community-based lending.

It’s a certified community development financial institution (CDFI) and an SBA Preferred Lender. This means it’s a nonprofit lender that’s focused on community growth and has the authority to underwrite SBA loans itself, streamlining the application process.

Its focus is on serving businesses that will promote local job growth, especially for women- and minority-owned businesses. It also offers other products such as training courses in financial and professional development and technical assistance.

But you’ll need to have at least four employees working for you and be able to make a down payment to qualify. And you’ll need to look elsewhere if you’re interested in taking out a small-dollar loan with a fast turnaround.

Not sold on NDC? Compare your other business loan options below.

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