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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...

Avoid Rent Increases – Buy or Build with SBA 504

Are you a small business owner facing uncertainty because of ongoing rent increases?  Small businesses renting their commercial space in Illinois, particularly the Greater Chicago area, are in one of the most expensive markets in the country.  If you’re the owner of...

Expanding Your Medical Office with SBA 504

    Let’s face it, financing the purchase of a medical office building can be a daunting task.  Because of the high cost of building improvements (customized plumbing, construction of exam rooms, lead walls for x-ray or surgery units, etc.) and the...

SBA T.H.R.I.V.E. Emerging Leaders Reimagined

Are you stuck spending more time working IN your business than ON your business?  You may be ready to T.H.R.I.V.E. with the SBA! The U.S. Small Business Administration’s T.H.R.I.V.E. Emerging Leaders Reimagined is a 6-month intensive training program that helps...

National Small Business Week

“National Small Business Week is a time to honor and celebrate America’s entrepreneurs and innovative startups. This year’s theme, ‘Building a Better America through Entrepreneurship,’ celebrates the resiliency and tenacity of America’s entrepreneurs who are doing...

Going Green? SBA 504

If your business plans on going green, the SBA 504 can help you save green as you become more energy efficient.  The U.S. Small Business Administration (SBA) and U.S. Department of Energy (DOE) are teaming up on a shared mission:  to inspire entrepreneurs and small...

Growth Corp – A 504 Partner with Community Banks

Growth Corp is proud to be a 504 partner with local community banks.  Here are just some of the many ways community banks are the cornerstone of their community: They are locally owned and operated. They constitute 96.8% of all banks. Community banks are the primary...

FAQ’s – SBA 504 Interest Rates

With so much talk recently about interest rates and inflation, let’s take a moment to address some frequently asked questions about how SBA 504 interest rates are determined and why they can help insulate small business owners from inflation. Created over 30...