New Growth Capital

New Growth Capital's microlending program made 8 rlf loans totaling $98,943 and 13 rmap loans totaling $242,000 for a total of 21 rural small businesses being reached with this Capital infusion, and able to start or expand their businesses. New Growth Capital made 9 employee loans totaling $4,725. New Growth Capital reports those loans to the employee's credit in order to help them build positive credit as well. New Growth Capital's credit building program made 5 loans totaling $2,500. These credit building loans were coupled with credit building counseling ensuring that the participants would be able to not only build positive credit, but be able to maintain it.new Growth Capital deployed technical assistance to over 45 existing borrowers and potential borrowers. Technical assistance included credit analysis, collateral analysis, assistance with navigating business licensure, referrals to banks and cdfi partners for larger amounts of Capital, assistance with service Development in order to navigate higher food prices and business counseling, as well as follow up to existing borrowers.