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Current Interest Rates | 20-Year: 4.31% | 10-Year: 4.25% | Refi: 4.35%

5-Year Interest Rate History

I am a Potential Borrower

Are you looking to expand your small business by purchasing a new property, buying equipment or adding a second location? Do you also want to lock in your interest rate and minimize your down payment requirements?

I am a Lender

Are you a commercial lender facing tighter lending standards?  Do you need to reduce your bank’s exposure to close a deal?  Or, are you wanting to offer a long-term fixed rate and lower down payment option to your borrower?

I am a Current Borrower

Do you currently have a 504 loan with us?  Are you looking for assistance with your loan or do you need to modify an account?  Or, are you ready to expand your business again by purchasing property or adding new equipment?

Refinance Now With a 504 Loan!  Read more~

Think all small business financing is the same?

Think Again.

The 504 Loan Program is one of the best financing solutions on the market.  It provides small business owners with financing for the purchase, construction and renovation of commercial real estate and/or the purchase of long-term machinery and equipment. The best part?  Borrowers typically receive financing for up to 90% of the project cost at a low fixed interest rate, which is then locked in for twenty years (10 for equipment).  Plus, with the re-launch of the Refinance Program, small business owners can use the long-term, fixed rate 504 Loan Program to refinance existing commercial mortgages.  

Business financing has never been this good.

504 Loan Features


Low, Fixed Interest Rates

With the 504, borrowers take advantage of a low interest rate, which is fixed for twenty years (or ten years for equipment).


10% Down Payment

In most cases, borrowers receive a 90% advance, which preserves working capital for day-to-day business expenses.


Includes Soft Costs

The 504 finances total project costs, including not just the costs for land, existing building, hard construction and equipment, but also soft costs like furniture, fixtures, closing costs and professional fees.


No Future Balloon Payments

With the 504, borrowers do not have to concern themselves with saving the large amount of cash necessary for a balloon payment.  This eliminates the need for refinancing, additional appraisals and deterioration in property values.


Predictable Monthly Payments

Borrowers lock in a low fixed interest rate, which gives them predictable payments and allows them to easily forecast for future years.  So there’s no inflationary pressures and interest rate increases to worry about.


Keep Your Current Lender

The 504 Loan Program requires a partnership between Growth Corp and a lending institution, so there’s no need to give up that lending relationship you’ve grown comfortable with.

Estimate your monthly 504 loan payment.

Or, Use One of Our Other Tools

504 Loan Application

Get the 504 Loan Application process started by downloading our application forms.

504 vs 7(a)

Maximize the 504 and 7(a) Loan Programs by using them both for what they were intended.

Interest Rate History

A look back at the 20-year, 10-year and debt refinance monthly 504 Interest Rates for the past five years.

Quick Qualifiers

If you answer "yes" to these questions, the project will likely qualify for the 504 Loan Program.

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We Specialize in One Thing

…And We Do It Exceptionally Well…

# of Business Loans

# of Jobs

Billion Invested

Billion Lent

Ready to launch a new project?

877-BEST 504

Central IL Office 217.787.7557   |   Chicago Office 773.880.1455  |  Southern IL Office 618.932.3786


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