Community Banking Month

April is here, and with that so is Community Banking Month…a time to recognize the unique spirit and unwavering commitment which makes YOU, our independent community bank members, the foundation of your cities and towns across the state.  Here are just some of the...

SBA Financing for Your Business – April 6, 2021

Growth Corp’s very own Joel Herscher is teaming up with Michele Petrie and Brian Rynes at Wintrust Financial Corporation in offering a complimentary webinar on April 6. Together, they’ll break down everything you need to know about SBA financing for your...

Am I A Good Candidate for An SBA Loan?

Curious as to whether you and your business are a good candidate for an SBA Loan?  You’re not alone! Thousands of businesses, of all shapes and sizes, use SBA 504 loans every year to expand their business. Whether that be buying new equipment, purchasing a new...

SBA 504 Lending is up 21% in 2021

Access to capital is consistently one of the top challenges entrepreneurs and small businesses encounter, making the SBA 504 Loan Program a vital resource to economic growth and job creation.  We’re happy to report SBA 504 lending is up 21% so far in Fiscal Year...

Proud Ambassador of #SBDCDay

We Are Proud to Support America’s SBDC and the 5th Annual #SBDCDay. For over 40 years the America’s Small Business Development Center (SBDC) Network has helped millions of men, women, veteran and minority entrepreneurs and small business owners start and grow their...

Reduction in SBA Debt Relief Benefits

We wanted to relay the latest information we have received from the U.S. Small Business Administration (SBA) regarding a reduction in the debt relief benefits originally authorized under the Economic Aid Act enacted December 27, 2020. In Section 325 of the Economic...

Tired of Paying Rent? Buy or Build with an SBA 504 Loan

  Attention small business owners:  If you’re tired of paying rent for your business, you need to know about a government-backed financing option that can help you buy or build a new facility for your business: the SBA 504 Loan Program.   Should I Rent or...

Expanding Into Multiple Locations – SBA 504 Loans

Many small business owners may wonder if expanding into multiple locations is possible using the SBA 504 Loan Program. The answer is yes!  SBA 504 financing can actually be leveraged several times simultaneously, up to SBA’s lending limits.  This is a smart move...

Joining Forces to Support and Promote Small Businesses

The U.S. economy thrives on competition…in fact, healthy competition drives ingenuity and keeps prices down. But in the age of a pandemic, businesses joining forces to help support and promote other businesses is becoming not only normal, but an important way to...

Recovery Resources for Small Businesses

In a matter of months, the U.S. Small Business Administration (SBA) went from being a relatively small player in the presidential cabinet to carrying one of the largest budgets and one of the nation’s most important tasks…providing recovery resources for...