504 LOANS FINANCE
504 LOAN SERVICING
Submit Proof of Insurance
SBA requires insurance on ALL assets pledged as collateral. This could include: Hazard insurance on personal property or real estate, life insurance, flood insurance, worker’s compensation, liability, malpractice, etc.
All required insurance coverage must be obtained by the Borrower prior to 504 Loan closing and coverage must be maintained for the life of the Loan.
If you have any questions, please contact Growth Corp’s Servicing Department at 217-241-3000. Proof of insurance can also be faxed to 312-873-4541.