City of Tracy logoThe City of Tracy and Grow American Fund have established and capitalized the Grow Tracy Fund as an economic development tool designed to assist eligible small businesses within the City of Tracy to obtain the financing required to grow their businesses.

Loans made under this program will be underwritten by the Grow America Fund and guaranteed by the Small Business Administration (SBA) under GAF’s Small Business Lending Company License. Therefore, each loan must comply with SBA guidelines and procedures.

In order to qualify for these loans, a business must be a for-profit operating entity; it must be financially healthy and in need of expansion capital.


The Grow Tracy Fund can make loans ranging from $100,000 to $2 million as permitted by the US SBA at or below market rates, for terms up to 25 years depending on proposed use of funds.

The Grow Tracy Loan Program is an SBA guaranteed 7(a) loan. As such, SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020 for a period of 6 months from date of origination.

Grow Tracy Fund

The Grow Tracy Fund is a unique partnership between the City of Tracy and the Grow American Fund, Inc. (GAF).

The Grow American Fund, a nationally recognized non-profit Small Business Lending Company licensed by the Small Business Administration, is also a Community Development Financial Institution as designated by the United States Department of the Treasury, CDFI Fund.

What does Grow Tracy offer a borrower?

Grow Tracy offers affordable growth capital with advantageous terms to borrowers who will create jobs and invest in our community.

Use of Proceeds

Loan proceeds may be used for any legitimate business purpose, including working capital, machinery and equipment, acquisition of land and building, construction, renovations and tenant improvements. Grow Tracy however, does not provide venture capital and cannot provide funds for research and development or to satisfy equity or near-equity needs.


All loans must be adequately collateralized from available assets and the personal guarantee of each owner holding a 20% or more interest in the small business is required.

For more information, see the Grow Tracy Fund brochure.

The safety of Tracy residents, workers, and visitors is of the utmost importance to us here at the City of Tracy. We want you to know that we are monitoring all recommendations and updates from government officials surrounding COVID-19 (novel coronavirus), and we will inform our stakeholders of relevant changes. The first priority for everyone is to take appropriate steps to limit the spread of COVID-19 and ensure our entire community remains healthy.