Growth Capital Corp
Public records raise at least one point you should look into before giving.
What it says it does
TO PROVIDE FINANCING ASSISTANCE TO AREA BUSINESSES AS PART OF AN OVERALL MISSION TO FOSTER ECONOMIC GROWTH AND JOB CREATION IN NORTHEAST OHIO.
- Income
- $2.1 million
- Spending
- $1.9 million
- Employees
- 9
- Volunteers
- 12
- Highest pay
- $351,965, president/ex
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.6 million spent. DURING FISCAL YEAR 2025, THE ORGANIZATION EXCEEDED ITS ANNUAL LOAN PRODUCTION GOAL FOR THE FIRST TIME IN THREE FISCAL YEARS. A TOTAL OF 43 LOANS WERE APPROVED, CONSISTING OF 22 SBA 504 LOANS AND 21 SBA 7(A) LOANS, REPRESENTING 103% OF THE ANNUAL PRODUCTION GOAL AND REFLECTING A BALANCED MIX OF LENDING ACTIVITY ACROSS PROGRAMS. LOAN PRODUCTION INCREASED SIGNIFICANTLY COMPARED TO THE PRIOR YEAR, WITH APPROVED LOAN VOLUME INCREASING BY MORE THAN 42% BASED ON THE NUMBER OF LOANS APPROVED. THE ORGANIZATION APPROVED APPROXIMATELY 22.7 MILLION IN FINANCING DURING THE FISCAL YEAR, INCLUDING 19.4 MILLION THROUGH THE SBA 504 PROGRAM AND 3.3 MILLION THROUGH THE SBA 7(A) PROGRAM. WHILE TOTAL APPROVED LOAN DOLLARS REACHED APPROXIMATELY 82% OF THE ANNUAL DOLLAR- VOLUME GOAL, AVERAGE LOAN SIZE DECLINED DUE TO A GREATER NUMBER OF SMALLER LOANS. MANAGEMENT BELIEVES THESE LOANS CONTINUE TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING GROWTH CAPITAL TO SMALL BUSINESSES AND UNDERSERVED BORROWERS. DURING FISCAL YEAR 2025, 32 LOANS CLOSED, INCLUDING 18 SBA 504 LOANS TOTALING APPROXIMATELY 14.7 MILLION AND 14 SBA 7(A) LOANS TOTALING APPROXIMATELY 2.7 MILLION. LOAN CLOSINGS EXCEEDED THE ANNUAL PRODUCTION GOAL AND CONTRIBUTED POSITIVELY TO OPERATING RESULTS. THE ORGANIZATION'S LOAN PORTFOLIO GREW BY APPROXIMATELY 10.9 MILLION DURING THE FISCAL YEAR. PORTFOLIO GROWTH BENEFITED FROM THE FUNDING OF SEVERAL LARGER SBA 504 LOANS AND A SLOWER PACE OF LOAN PAYOFFS COMPARED TO PRIOR PERIODS. PORTFOLIO GROWTH EXCEEDED ESTABLISHED ANNUAL TARGETS AND REPRESENTED THE STRONGEST YEAR-END GROWTH ACHIEVED IN RECENT YEARS. THE LENDING ENVIRONMENT CONTINUED TO BE AFFECTED BY PREVAILING INTEREST RATES. HOWEVER, STABILIZATION OF THE 10-YEAR TREASURY RATE SUPPORTED SBA 504 LENDING ACTIVITY, WHILE REDUCTIONS IN INTEREST RATES DURING THE YEAR ARE EXPECTED TO PROVIDE PAYMENT RELIEF TO CERTAIN BORROWERS AND SUPPORT FUTURE PORTFOLIO PERFORMANCE. THE ORGANIZATION ALSO EXPERIENCED IMPROVEMENTS IN PORTFOLIO QUALITY DURING FISCAL YEAR 2025. THE SBA 504 STRESSED LOAN RATE DECLINED FROM 20.49% AT THE BEGINNING OF THE FISCAL YEAR TO 6.32% AT YEAR-END, PRIMARILY DUE TO PROACTIVE WORKOUT EFFORTS AND SBA-APPROVED REPAYMENT ARRANGEMENTS. THE SBA 7(A) STRESSED LOAN RATE DECREASED FROM 6.80% TO 2.53% DURING THE SAME PERIOD. IN ADDITION, THE ORGANIZATION MAINTAINED A STRONG LOAN LOSS RESERVE POSITION, WHICH MANAGEMENT BELIEVES PROVIDES MEANINGFUL PROTECTION AGAINST CREDIT RISK. THE ORGANIZATION'S MISSION-RELATED LENDING RESULTS REMAINED STRONG DURING FISCAL YEAR 2025. LOANS MADE TO SBA-DESIGNATED UNDERSERVED MARKETS REPRESENTED MORE THAN 89% OF TOTAL LENDING ACTIVITY, EXCEEDING APPLICABLE SBA BENCHMARKS. LENDING TO LOW-TO-MODERATE-INCOME BORROWERS AND COMMUNITIES REPRESENTED MORE THAN 82% OF COMMUNITY ADVANTAGE LENDING ACTIVITY. WOMEN-OWNED BUSINESSES ACCOUNTED FOR APPROXIMATELY 28% OF TOTAL LENDING, MINORITY-OWNED BUSINESSES REPRESENTED APPROXIMATELY 14%, VETERAN- OWNED BUSINESSES REPRESENTED APPROXIMATELY 21%, RURAL BUSINESSES REPRESENTED APPROXIMATELY 14%, AND MANUFACTURING COMPANIES REPRESENTED APPROXIMATELY 17% OF LOANS ORIGINATED DURING THE YEAR. THE ORGANIZATION ESTIMATES THAT BUSINESSES RECEIVING FINANCING THROUGH ITS PROGRAMS CREATED APPROXIMATELY 197 NEW JOBS DURING FISCAL YEAR 2025, FURTHER ADVANCING ITS MISSION OF SUPPORTING ECONOMIC DEVELOPMENT AND SMALL BUSINESS GROWTH WITHIN THE COMMUNITIES IT SERVES. S DURING FISCAL YEAR 2025, THE ORGANIZATION EXCEEDED ITS ANNUAL LOAN PRODUCTION GOAL FOR THE FIRST TIME IN THREE FISCAL YEARS. A TOTAL OF 43 LOANS WERE APPROVED, CONSISTING OF 22 SBA 504 LOANS AND 21 SBA 7(A) LOANS, REPRESENTING 103% OF THE ANNUAL PRODUCTION GOAL AND REFLECTING A BALANCED MIX OF LENDING ACTIVITY ACROSS PROGRAMS. LOAN PRODUCTION INCREASED SIGNIFICANTLY COMPARED TO THE PRIOR YEAR, WITH APPROVED LOAN VOLUME INCREASING BY MORE THAN 42% BASED ON THE NUMBER OF LOANS APPROVED. THE ORGANIZATION APPROVED APPROXIMATELY 22.7 MILLION IN FINANCING DURING THE FISCAL YEAR, INCLUDING 19.4 MILLION THROUGH THE SBA 504 PROGRAM AND 3.3 MILLION THROUGH THE SBA 7(A) PROGRAM. WHILE TOTAL APPROVED LOAN DOLLARS REACHED APPROXIMATELY 82% OF THE ANNUAL DOLLAR- VOLUME GOAL, AVERAGE LOAN SIZE DECLINED DUE TO A GREATER NUMBER OF SMALLER LOANS. MANAGEMENT BELIEVES THESE LOANS CONTINUE TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING GROWTH CAPITAL TO SMALL BUSINESSES AND UNDERSERVED BORROWERS. DURING FISCAL YEAR 2025, 32 LOANS CLOSED, INCLUDING 18 SBA 504 LOANS TOTALING APPROXIMATELY 14.7 MILLION AND 14 SBA 7(A) LOANS TOTALING APPROXIMATELY 2.7 MILLION. LOAN CLOSINGS EXCEEDED THE ANNUAL PRODUCTION GOAL AND CONTRIBUTED POSITIVELY TO OPERATING RESULTS. THE ORGANIZATION'S LOAN PORTFOLIO GREW BY APPROXIMATELY 10.9 MILLION DURING THE FISCAL YEAR. PORTFOLIO GROWTH BENEFITED FROM THE FUNDING OF SEVERAL LARGER SBA 504 LOANS AND A SLOWER PACE OF LOAN PAYOFFS COMPARED TO PRIOR PERIODS. PORTFOLIO GROWTH EXCEEDED ESTABLISHED ANNUAL TARGETS AND REPRESENTED THE STRONGEST YEAR-END GROWTH ACHIEVED IN RECENT YEARS. THE LENDING ENVIRONMENT CONTINUED TO BE AFFECTED BY PREVAILING INTEREST RATES. HOWEVER, STABILIZATION OF THE 10-YEAR TREASURY RATE SUPPORTED SBA 504 LENDING ACTIVITY, WHILE REDUCTIONS IN INTEREST RATES DURING THE YEAR ARE EXPECTED TO PROVIDE PAYMENT RELIEF TO CERTAIN BORROWERS AND SUPPORT FUTURE PORTFOLIO PERFORMANCE. THE ORGANIZATION ALSO EXPERIENCED IMPROVEMENTS IN PORTFOLIO QUALITY DURING FISCAL YEAR 2025. THE SBA 504 STRESSED LOAN RATE DECLINED FROM 20.49% AT THE BEGINNING OF THE FISCAL YEAR TO 6.32% AT YEAR-END, PRIMARILY DUE TO PROACTIVE WORKOUT EFFORTS AND SBA-APPROVED REPAYMENT ARRANGEMENTS. THE SBA 7(A) STRESSED LOAN RATE DECREASED FROM 6.80% TO 2.53% DURING THE SAME PERIOD. IN ADDITION, THE ORGANIZATION MAINTAINED A STRONG LOAN LOSS RESERVE POSITION, WHICH MANAGEMENT BELIEVES PROVIDES MEANINGFUL PROTECTION AGAINST CREDIT RISK. THE ORGANIZATION'S MISSION-RELATED LENDING RESULTS REMAINED STRONG DURING FISCAL YEAR 2025. LOANS MADE TO SBA-DESIGNATE
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1991.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.