Lenders › Growth Capital Corp.
7(a) lenderCleveland, Ohionon-bank 7(a) lender374th of 2,184 by approvals
Growth Capital Corp.
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Growth Capital Corp., based in Cleveland, Ohio, is a non-bank 7(a) lender in the SBA 7(a) program. SBA approved 79 of its 7(a) loans worth $12.9M in FY2021 to FY2025, which places it 374th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 21 approvals totalling $3.3M, up 50% on FY2024 (14). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 58.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 16 counties, led by Ohio (100.0%). The largest industry group was retail trade at 16.5% of approvals, and 7.6% of approvals were to franchise businesses.
Of 140 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (11.4%), 85 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 10 | $1.8M | $165K | $183K | 12 |
| FY2025 | 21 | $3.3M | $150K | $159K | 150 |
| FY2024 | 14 | $2.7M | $180K | $195K | 60 |
| FY2023 | 15 | $2.0M | $100K | $133K | 79 |
| FY2022 | 19 | $3.0M | $150K | $157K | 124 |
| FY2021 | 10 | $1.9M | $250K | $185K | 85 |
| FY2020 | 37 | $3.1M | $25K | $83K | 557 |
| FY2019 | 56 | $3.6M | $25K | $64K | 701 |
| FY2018 | 42 | $4.4M | $73K | $104K | 500 |
| FY2017 | 37 | $2.6M | $50K | $70K | 649 |
| FY2016 | 53 | $4.6M | $55K | $86K | 923 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 225 approvals. First approval on file: FY2013.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Ohio | 7(a) program |
|---|---|---|---|
| Approvals in these years | 311 | 36,740 | 639,905 |
| Cancelled or never disbursed | 171 | 5,259 | 79,313 |
| Disbursed loans | 140 | 31,481 | 560,592 |
| Paid in full | 85 | 25,599 | 435,813 |
| Charged off | 16 | 1,791 | 36,891 |
| Still outstanding (status exempt from disclosure) | 39 | 4,091 | 87,888 |
| Charged off, share of disbursed loans | 11.4% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 7.3% | 2.7% | 2.5% |
| Dollars charged off | $1.5M | $213M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 7 | 3 | 0 | — | 2.8% |
| FY2020 | 14 | 5 | 1 | — | 4.0% |
| FY2019 | 14 | 2 | 2 | — | 6.7% |
| FY2018 | 19 | 12 | 1 | — | 7.9% |
| FY2017 | 14 | 8 | 1 | — | 7.7% |
| FY2016 | 23 | 14 | 3 | — | 7.2% |
| FY2015 | 29 | 24 | 5 | — | 6.9% |
| FY2014 | 14 | 12 | 2 | — | 6.4% |
| FY2013 | 6 | 5 | 1 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $150K | $190K |
| Average approval | $163K | $518K |
| Approvals of $150,000 or less | 58.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 27.8% | 34.3% |
| Approvals to franchise businesses | 7.6% | 11.5% |
| Jobs supported per approval, as reported | 6.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 11.4% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ohio | 79 | $12.9M | 100.0% |
In Ohio the lender accounts for 0.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cuyahoga County, OH | 31 | $6.0M | 39.2% | |
| 2 | Summit County, OH | 16 | $2.4M | 20.3% | |
| 3 | Lorain County, OH | 6 | $980K | 7.6% | |
| 4 | Lake County, OH | 6 | $767K | 7.6% | |
| 5 | Franklin County, OH | 3 | $563K | 3.8% | |
| 6 | Portage County, OH | 3 | $555K | 3.8% | |
| 7 | Mahoning County, OH | 3 | $323K | 3.8% | |
| 8 | Stark County, OH | 2 | — | 2.5% | |
| 9 | Geauga County, OH | 2 | — | 2.5% | |
| 10 | Hamilton County, OH | 1 | — | 1.3% | |
| 11 | Montgomery County, OH | 1 | — | 1.3% | |
| 12 | Ashtabula County, OH | 1 | — | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 13 | 16.5% | |
| 2 | Accommodation and Food Services | 11 | 13.9% | |
| 3 | Health Care and Social Assistance | 9 | 11.4% | |
| 4 | Other Services (except Public Administration) | 9 | 11.4% | |
| 5 | Professional, Scientific, and Technical Services | 7 | 8.9% | |
| 6 | Wholesale Trade | 6 | 7.6% | |
| 7 | Manufacturing | 6 | 7.6% | |
| 8 | Transportation and Warehousing | 5 | 6.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 12.7% | |
| 2 | Grocery StoresNAICS 4451 | 5 | 6.3% | |
| 3 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 4 | 5.1% | |
| 4 | Personal Care ServicesNAICS 8121 | 4 | 5.1% | |
| 5 | General Freight TruckingNAICS 4841 | 3 | 3.8% | |
| 6 | Other Personal ServicesNAICS 8129 | 3 | 3.8% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 2.5% | |
| 8 | Printing and Related Support ActivitiesNAICS 3231 | 2 | 2.5% | |
| 9 | Motion Picture and Video IndustriesNAICS 5121 | 2 | 2.5% | |
| 10 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 2 | 2.5% |
Approval sizes
- $50,000 or less12.7%10
- $50,001 to $150,00045.6%36
- $150,001 to $350,00041.8%33
Loan terms
- Over 5 to 10 years89.9%71
- Over 10 to 20 years8.9%7
- Over 20 years1.3%1
Age of the businesses
- Existing, more than 2 years old63.3%50
- New business, 2 years or less7.6%6
- Startup, loan funds will open the business20.3%16
- Change of ownership8.9%7
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Community Advantage Initiative | 41 | 51.9% | |
| 2 | Preferred Lenders Program | 35 | 44.3% | |
| 3 | 7a General | 2 | 2.5% | |
| 4 | International Trade Loans | 1 | 1.3% |
Franchise share
6 of 79 approvals in FY2021–FY2025 (7.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Little Caesars | 2 | 2.5% | |
| 2 | Bubbakoo's Burritos | 1 | 1.3% | |
| 3 | Express Employment Professional | 1 | 1.3% | |
| 4 | Fit Body Boot Camp | 1 | 1.3% | |
| 5 | My Personal One-on-One Trainer | 1 | 1.3% |
Questions and answers
How many SBA loans does Growth Capital Corp. make?
SBA approved 21 7(a) loans through Growth Capital Corp. in FY2025, worth $3.3M, and 79 over FY2021 to FY2025. That ranks 374th of 2,184 active 7(a) lenders by number of approvals.
How large are Growth Capital Corp.'s typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $163K. The program-wide median was $190K.
What is Growth Capital Corp.'s charge-off rate?
Of 140 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (11.4%), 85 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Growth Capital Corp. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (10); grocery stores (5); miscellaneous durable goods merchant wholesalers (4); personal care services (4).
Where does Growth Capital Corp. make SBA loans?
In 1 state or territory. Ohio 79. In Ohio it accounts for 0.4% of all 7(a) approvals.
Is Growth Capital Corp.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 50, against 66 in the three before: falling (-24%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error