When interest rates are rising, the cost of capital inches higher for all small businesses, but especially those who need to purchase new properties. Shortly after the start of the COVID-19 Pandemic, interest rates dropped to historic lows. But now that’s changing. ...
With the new year almost upon us, it’s time to think about seizing new opportunities to grow your business in the months to come. That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable and...
As a proud host, Growth Corp wholeheartedly commits to helping the Illinois Small Business Development Center for Central Illinois expand its services to disadvantaged businesses, increasing its community outreach–especially to the surrounding areas, retaining...
There are many factors impacting SBA lending right now and SBA’s role has grown even more important in the past 18 months, having been charged with distributing various recovery resources aimed at helping small businesses strengthen, recover, hire, and grow. This...
The purpose of all SBA loan programs is to provide businesses like yours with access to funding under reasonable terms…but the 504 loan terms were specifically designed to help grow and strengthen small businesses. To accomplish this, they extend financing with...
