Business Growth Fund
The Business Growth Fund (BGF) provides loans for existing businesses from $15,000 to $50,000. FSCLF will consider start-up businesses under this program; however, most BGF borrowers have been in operation for at least a year. Loans are repaid over a one- to five-year period. Most business purposes are eligible, such as working capital, equipment and inventory.

• Who can apply for a Business Growth Fund?
Small businesses located in Delaware can apply for a loan from FSCLF for start-up or expansion in the state of Delaware.

• What type of collateral is required?
Collateral requirements are flexible depending upon the size and purpose of the loan. FSCLF accepts the following types of collateral:
    • Tangible business assets
    • Real estate Personal or third party guarantees
    • Other assets

• What support services are available to Business Growth Fund participants?
FSCLF provides pre- and post-loan technical assistance to its clients. Training and counseling services are available through:
     • Delaware Small Business Development Center (SBDC)      
     • Service Corps of Retired Executives (SCORE)

FSCLF also has a team of consultants designed to meet specific needs of our clientele.

• How can I get started on the application process?
You can call our office to speak with our Business Loan Specialist who can guide you through the process of completing an Application Package. When completed, a FSCLF application package will include:
   • a FSCLF Loan Application
   • your Business Plan (with projected financial statements)
   • your Personal Financial Statement
   • your last 3 years of personal tax information
   • your last 3 years of business Taxes (if available)
   • 3 years of historical financial statements (if available)

The Business Growth Fund is a specialized loan fund utilizing equity from banks, foundations, individuals, corporations and religious institutions.

Microloans