Go Green with the SBA 504 Loan Program

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 business owners to leverage SBA loan programs for making improvements in energy efficiency.  These agencies are...

SBA Loan Changes 2019

Routinely, SBA issues updates to its SOP, the standard operating procedures for its lending programs, including the SBA 504.  Some of the most notable changes are summarized below.   Appraisal Threshold Has Increased SBA has increased the minimum threshold for...

SBA Loans for Women

The SBA is set up to help all small business owners get financing to start or grow their businesses.  Yet, while the SBA doesn’t discriminate, it does have a vested interest in helping more women business owners get SBA loans.   Women in Business – Stats...

Financial Help for Small Business Owners

Our focus is on offering financial help for small business borrowers.  Therefore, allow us to share some tips and resources available as you look to grow your business:   Plan Ahead As you consider your goals, remember that it is never too early to start planning...

Today’s Fixed Interest Rates for SBA 504 Are Below Prime

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...

Maximizing the Availability of SBA Dollars

You already know SBA loans are available to most for-profit businesses for a wide array of purposes, from starting and growing a business to purchasing commercial real estate.  You might even know the 7(a) Loan Program and the 504 Loan Program like the back of your...

What’s New with Small Business?

The SBA’s Office of Advocacy recently released the 2018 Small Business Profiles for States and Territories.  This information provides key facts, numbers and trends regarding entrepreneurship and small business in America.  Some quick take-aways: American...

How to Impress a Lender

One of the most commonly asked questions we hear from small business owners is, “How can I get financing for my small business?” Approach the financing process the same as you would approach dating.  There are things you can do that improve your chances of success. ...

Growth Corp Is the Largest SBA 504 Lender in Illinois

Growth Corp is a non-profit development company certified by the U.S. Small Business Administration (SBA) to originate SBA 504 loans in Illinois and its surrounding areas.  With a current portfolio in excess of $675 million, Growth Corp has helped thousands of small...