Copyright © 2017 Bay County Growth Alliance, www.thebcga.com
Financing The Future
BAY COUNTY GROWTH ALLIANCE, INC.
Welcome to the Bay County Growth Alliance, Inc (BCGA) Web Site!
BCGA is a Michigan non-profit economic development corporation. Chartered
in 1972 as Forward Bay County, Inc., the Growth Alliance is one of Michigan’s longest serving
economic development organizations.
BCGA’s mission is to promote economic growth by offering financial assistance and support services to
the business community and non-profit sector.
Our primary service area is Bay County, Michigan; however, we will consider loans in the Great Lakes
Bay Region (Midland, Bay and Saginaw Counties, Michigan).
Financing and services offered
Participation in Commercial loans up to $250,000
BCGA meets the need for growth capital that can supplement financing available from a senior lender
for promising businesses that for various reasons, do not qualify for such loans from conventional
Use of loan funds, terms, and guarantees
Loan funds may be used for the following: working capital, machinery and equipment, acquisition of
land and buildings, new construction, façade and building renovation, landscape and property
improvements. Other uses may be for acquisitions, restructuring, startups, and turnarounds.
Durations vary according to the use of funds. A loan used for working capital, for instance, may
range from 3 to 5 years, while loans for equipment are up to 7 years and real estate loans may last
Floating rates with some form of enhancement of the interest rate so the success of the
enhancement is tied to the success of the borrower. BCGA loans should not be perceived as a free
or easy source of financing.
Loans shall be guaranteed by the business and personally by the borrower. In addition, the
borrower shall agree to subordinate all officer debt and defer monthly payments to all officers to the
Referral to community resources
Bay Future, Inc.
o Site Selection
o Incentive packaging
Small Business Technology Development Center
On going business development
Health and Community