Growth Capital Corporation

Growth Capital certainly continued creating real value for small business with its loan activity. This year, we had 52 loans approvals and maintained the number one sba 504 and community advantage lender status in northeast Ohio. While sba 504 lending in the district decreased last year, we were able to hold our own and increase our market share at 49% in the sba cleveland district with total project financing of 65mm. Growth Capital had an excellent year with 35.6 million in approved loans which leveraged over 100 million in economic development investment in our communities during 2022. Our participation has adding significantly to the overall economic activity of our region with the potential to add over 439 new jobs for Ohio workers. Loan closing production for fiscal year 2022 totaled 60 loans funded through september 30, 2022 with loan closing dollar volume reaching 29.7mm. The Growth Capital loan portfolio demonstrates the hard work being undertaken to support our economic development mission. Our portfolio Growth and performance is indicative of our commitment to prudent credit underwriting as we take very seriously our fiduciary responsibility. Sound loan Growth is our objective. The sept. 30, 2022 value of the Growth Capital loan portfolio was 130,286,446 with 418 active loans. Sba 504 - 350 loans community advantage - 96 loans during fiscal year 2022, there were 60 loan prepayments, amounting to 13,117,793.18, a 5.6% decrease over the previous year. The new loan activity over prepayments caused the portfolio to increase by 7,252,215.11 or 5.1%. Growth Capital managed no loans in liquidation during fiscal year 2022. There were 0 charge-offs of loans in liquidation. As of fiscal 2022 year-end, Growth Capital has no loans in the process of being liquidated. As of 09/30/2022 Growth Capital had a delinquency rate of 14.6% compared to a peer group rate of 2.04%. For the fiscal 2022 year, the sba lender risk rating has risen to 4. In fy 2022: o Growth Capital made 59 loans totaling 29,445,000 to entrepreneurs, which supported 48,586,379 in additional investment o 39% of loans were made to women-owned businesses o 17% of loans were made to minority-owned businesses o 10% of loans were made to veteran-owned busine