Grow Port Arthur Fund
Port Arthur is committed to helping small and healthy businesses grow, especially those with minority and women owners. Port Arthur's small businesses provide local employment and reinvest in our city. Our small business lending program is designed to provide the best financing available for well run businesses as they expand. Our program uses SBA loans and Grow America Fund (GAF0 of the National Development Council.
To find out if you qualify for Grow Port Arthur Fund (GPAF) please call:
Brenda Vaughn
(409) 963-0579
Click here to download application.
Why the GPAF?
GPAF match loans terms to suit your business needs and cash flow!
This means less cash up front, low interest rates and lower payments because of longer terms. This allows your business to finance expansion without using an expensive line of credit involving short term loans to improve building
Loan amounts - $100,000 - $2,000,000 (can be lower if necessary)
Longer terms - up to 25 years for real estate secured loans. Up to 10 years for equipment loans.
Lower interest - GPAF loans provided lower interest than SBA, sometimes lower than prime rate.
Lower down payments - up to 90% loan to value.
We understand small business and can provide better terms than conventional lenders in accessing the funds you need to grow making a huge improvement from a conventional lender!
