Appalachian Growth Capital (AGC) is a new CDFI that partners with local and regional banks as well as secondary lenders to support businesses in the region. AGC can fill the gap credit loan needs between lenders and what businesses need for start-up, expansion, or balance sheet restructuring. Funding growth can be a challenge for businesses but AGC understands that supporting business creates jobs and strengthens communities by growing the local economy. AGC’s flexible terms can help businesses that have a hard time qualifying for conventional lending. CDFIs are 28% more likely to approve loans to companies than small banks and 71% more likely than large banks. Numerous studies show that access to credit is one of the top issues that prevent business startups and impede small company growth. To date, AGC has supported the following industries: Broadband: $2,000,000 Sawmill: $500,000 Winery:$300,000 Retail: $150,000 Meat Processing: $550,000 Downtown Investment Real Estate: $927,000 Tool Manufacturing: $35,000 Metal Fabrication:$50,000 Agriculture: $3,000,000 Oil/Gas Service: $750,000 Food Manufacturing:$200,000 Servicing Company: $290,000