The U.S. Small Business Administration (SBA) issued a series of new procedural notices this week, including SBA Information Notice 5000-847027 publishing the new SOP 50-10-7, “Lender and Development Company Loan Programs.” SOP 50-10-7 will become effective August 1,...
Brokers, when it comes to commercial real estate, we are your partner in closing deals! We’ve specialized in owner-occupied commercial real estate financing for 35 years. Growth Corp’s Lending Team has worked with thousands of businesses spanning every...
Important 504 Loan Servicing Changes If you have an SBA 504 Loan, please take note of this important 504 Loan Servicing change regarding the ACH debit transactions for monthly SBA 504 loan payments. The File ID/Company ID associated with the ACH debit will be...
SBA’s Illinois District Office, SCORE and Illinois’ SBDC Network are holding a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, new Fiscal Transfer Agent (FTA), and upcoming SBA training...
One question we are hearing repeatedly is…how can I refinance SBA 7a debt into a long-term 504 loan? This is a great question because SBA 504 Refinancing is especially important as interest rates rise. Essentially, the 504 helps businesses lock in lower...
