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Small Business Loans for Veterans

The U.S. Small Business Administration (SBA) recognizes the importance of quality small business loans for veterans and offers them special benefits through their SBA loan programs.    About the Small Business Administration (SBA) The U.S. Small Business...

It Takes a Village in SBA 504 Lending

There is an old saying that it takes a village to raise a child.  True.  But it also takes a village in SBA 504 lending.  The SBA 504 Loan Program is a long-term financing tool for economic development within a community.  The 504 Loan Program provides growing...

Women-Owned Businesses are Making a Big Impact

Women-owned businesses are making a big impact…and October is National Women’s Small Business Month, which means it’s time to not only celebrate and recognize the myriad achievements of our country’s female entrepreneurs, but also the positive impact they are...

Reasons to Think 504 As Rates Rise

  In this season of rising rates, it’s time to think 504.  The October 2022 rates for SBA 504 Loans are higher than they were last month, a trend consistent with recent federal interest rate hikes.  SBA 504 rates and the 10-Year Treasury have followed a...

September 2022 Rates for SBA 504 Loans

The September 2022 rates for SBA 504 Loans are higher than they were last month, a trend consistent with recent federal interest rate hikes.  SBA 504 rates and the 10-Year Treasury have followed a similar track historically.  Therefore, given that the 10-year treasury...

SBA 504 Loan Fees for Fiscal Year 2023

New SBA 504 loan fees apply to loans approved October 1, 2022, through September 30, 2023, and include a lower upfront guaranty fee, but a slightly higher annual service fee.     SBA 504 Loans The SBA 504 Loan Program is designed to help business owners be...

Add Equipment to Long-Term 504 Financing

Most know that the #SBA504 program can finance equipment projects (typically 10-year debenture) and/or real estate projects (typically 20- or 25-year debentures). However, did you know that equipment can be included in a 20- or 25-year real estate project? When the...

August 2022 – SBA 504 Interest Rate News

Lower interest rates this month! Remember…key benefits of the SBA 504 Loan Program are: no rate adjustments, no increased loan payments, no surprises. Just a predictable payment schedule for the life of the commercial loan!

Don’t Let an Appraisal Shortfall Derail Your Expansion

Don’t let an appraisal shortfall derail your deal!  Newly implemented rules allow for up to a 10% shortfall in appraised value for SBA 504 Loans!   NEW SBA APPRAISAL RULES On July 29, 2022, SBA released SBA_Proc_Notice_5000-835230 revising procedures relating to...

Growth Corp is an ALP Express Lender

As an ALP Express Lender, effective immediately, Growth Corp can provide expedited processing for 504 Loans of $500 thousand or less! What is ALP Express? The ALP Express Program is a new loan program that provides delegated authority for ALP CDCs, such as Growth...