The Grow Garden Grove Fund provides access to affordable SBA 7(a) loans to help local small businesses expand, strengthen operations, and invest in long-term growth. Loans are originated, underwritten, closed, and serviced by the Grow America Fund (GAF), an SBA-licensed lender.

Program Flyers

ENGLISH FLYER
SPANISH FLYER
VIETNAMESE FLYER
Program Application
SBA (7a) Guidelines
Program Guidelines (PDF)

Program Eligibility

  • For-profit businesses located in the City of Garden Grove
  • Meet SBA small business size standards
  • Demonstrate ability to repay
  • Be current on all federal obligations
  • Meet SBA citizenship/residency requirements
  • Hold a valid Garden Grove business license and comply with local codes

Why Businesses Choose This Program

  • Access to affordable SBA 7(a) financing that may not be available through traditional lenders
  • Flexible terms and competitive interest rates set under SBA guidelines
  • Can fund a wide range of business needs, from working capital to expansion
  • Streamlined intake process with City support in preparing application materials
  • No-cost advising and technical assistance through OC-SBDC
  • Loans serviced by an experienced SBA-licensed lender committed to small business success

Loan Features

Loan Amount

  • Minimum loan size: $100,000
  • No City-imposed maximum (subject to SBA caps)

Loan Terms

  • Up to 10–25 years depending on use of funds
  • Amortization, repayment schedules, and collateral determined by SBA guidelines

Interest Rates

  • Set by GAF within SBA-permitted pricing
  • Based on loan size, creditworthiness, term, and market rates

Fees

  • SBA guaranty fees (when applicable)
  • Allowable packaging, closing, and third-party costs

Eligible Uses of Funds

Loans may be used for SBA-approved business purposes, including:

  • Working capital and operating expenses
  • Inventory and supplies
  • Furniture, fixtures, machinery, and equipment
  • Leasehold improvements or expansion
  • Business acquisition or partner buyout
  • Refinancing eligible business debt
  • Real property improvements related to business operations

Technical Assistance

The City and its partners offer support to help applicants prepare a strong loan package, including:

  • Business planning and financial projections
  • Document preparation and packaging support
  • Referrals to OC-SBDC for no-cost advising

Contact Information

Henry Surjono
Administrative Analyst
(714) 741-5146
henrys@ggcity.org