SBA 504 LOAN PROGRAM
How SBA 504 Loans Work
A bank provides a first mortgage for
50% of the total project costs
SBA 504 LOAN
Growth Corp provides an SBA 504 Loan (as a second mortgage) for 40% of the total project costs
The borrower provides a down payment of typically just 10% of the total project costs
SBA 504 Loans are made in conjunction with your local bank...so you can keep your lending relationship.
25-Year Debentures Now Available with SBA 504
In addition to the 10-year and 20-year maturities available with 504 loans, SBA is now offering a 25-year option. The goal of this extended maturity is to decrease the monthly payments for those small businesses looking to better manage their operating capital.
504 LOANS FINANCE
Let's Get Started!
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?
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?
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?
Estimate your monthly 504 loan payment.
Or, Use One of Our Other Tools
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A Sampling of Our 504 Projects
Our mission is to advocate for small businesses.
We love our communities and believe small business is the foundation of their economic prosperity. We will do all we can to support you and your business goals. Start-ups to seasoned businesses and everything in between can benefit from working with Growth Corp. Here’s why:
We Are An Industry Leader
We’re the #1 SBA 504 Lender in Chicago and Illinois. Growth Corp also consistently ranks as one of the top ten SBA 504 Lenders nationwide.
In Business Since 1992
We’ve assisted thousands of businesses spanning various industries. In fact, our portfolio is currently in excess of $675 million.
Trusted by the U.S. SBA
SBA recognized Growth Corp as an Accredited Lender after a thorough review of its policies, procedures and prior performance.
SBA 504 LOANS
How Will You Grow Your Business?