504 SUCCESS STORIES
    With higher loan limits, expanded eligibility standards, and a new debt refinance option, more busineses are now able to utilize the 504 than ever before.
    One such business is Screening Reports Inc. a national provider of background screening and collection services to the multi-family housing industry. The business has achieved enormous success since its inception in 2001 and recently used the 504 Loan Program to finance the purchase and remodel of a new, larger corporate office. By utilizing the 504 Loan Program, they were able to facilitate the expansion of the business, while simultaneously preserving working capital for the continued daily operation of the business. Read More...
WELCOME

Growth Corp’s 504 Loan Program helps provide small businesses with better access to money for expansion than would otherwise be available through conventional financing. The 504 Loan Program is available to most businesses for the purchase, construction, or expansion/renovation of buildings and/or the purchase of equipment.

We hope our website will be a helpful tool for gaining information on small business financing. If you need more help, please contact our office and we would be glad to assist!



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May 2012 Loan Rate
4.23%
20-Year Fixed Term
3.61%
10-Year Fixed Term
4.40%
20-Year Refinance Rate
3.78%
10-Year Refinance Rate
WHAT'S NEW
Want to Know if Your Project Qualifies
for the 504 Debt Refinance Program? 

Answer the following questions:

___yes  ___no  Is the property being refinanced at least 51% owner-occupied, or long-term equipment?

___yes  ___no  Has the business been in continuous operation for at least two years?

___yes  ___no  Is the debt being refinanced originally used for the purchase or improvement of fixed assets?

___yes  ___no  Has the business been current on the debt to be refinanced for the past 12 months?

___yes  ___no  Is the loan at least two years old?

If you answered yes to these questions, then you're on the right track and the project is likely eligible for the 504's Debt Refinancing Program.  Growth Corp is happy to further evaluate your potential 504 refinance opportunity to ensure all the SBA requirements are met. 

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