On February 21, 2018, Congressman Mike Bost (IL-12) visited a rural small business, Magnum Steel Works, Inc., in Mt. Vernon, Illinois. The purpose of this visit was to get a firsthand glimpse of the impact local business expansion has on its community. He also...
America has over 30 million small business owners. These innovative entrepreneurs are the engine of job creation and economic growth in our country. The U.S. Small Business Administration (SBA) ensures these businesses have the tools and resources necessary for...
Every year SBA issues updates to its SOP, the standard operating procedures for its lending programs, including the SBA 504. Some of the most notable changes that became effective on January 1, 2018, include: Borrower Contribution The updated typical 504...
Are you looking for an Illinois small business loan? You’ve come to the right place. Founded in 1992, Growth Corp is the largest provider of SBA 504 commercial real estate financing in Illinois. Growth Corp is a non-profit development company certified by the...
While once an under-utilized source of capital, a.k.a. “the best kept secret in commercial financing”, entrepreneurs are discovering SBA 504 loans are a way to level the playing field when financing an expansion of their business. Many Are Unfamiliar With One...
