SBA 504 Loans Can Be Utilized Multiple Times

Many small business borrowers may wonder if it’s possible to get multiple SBA 504 loans. The answer is yes!  While sometimes viewed as a once-and-done funding tool, SBA 504 financing can actually be leveraged several times over, up to SBA’s lending limits.  This...

Impact Capital with SBA 504 Loans

For over 30 years, Growth Corp has been helping small businesses and communities grow.  We’re proud of the impact of SBA 504 Loans and the role we’ve had in helping businesses grow and create jobs.  Whether that’s in Chicago, the rural areas of...

The Growing Popularity of 25-Year Term SBA 504 Loans

SBA’s newest term option for SBA 504 Loans, the 25-year term, has seen tremendous growth in its first year. Almost a year ago (July ’18) we saw the first pooling of 25-year loans.  While no one knew what to expect at the onset, we’re pleased to...

John Maxfield Retired from Illinois National Bank

Long-time member of Growth Corp’s Loan Committee and Membership retired on April 30, 2019 Growth Corp would like to commemorate John Maxfield’s April 30, 2019, retirement from Illinois National Bank.  John had been an active member of Growth Corp’s Loan...

Growth Corp has been named Illinois’ 504 Lender of the Year by SBA

Growth Corp has been named Illinois’ 504 Lender of the Year by the U.S. Small Business Administration (SBA).  This prestigious award represents Growth Corp’s continued support and extraordinary contribution to the small business community.  Sara Vanhala accepted the...

Growth Corp Recognized as a Top 504 Lender in Eastern Missouri

In celebration of Small Business Week, the Small Business Week of Eastern Missouri committee recognized outstanding efforts made by top SBA Lenders.  Growth Corp was honored to be recognized as one of the top 504 Lenders in Eastern Missouri.  This awards ceremony was...

Vetloan Advantage Supports Veteran Small Business Growth

The U.S. Small Business Administration (SBA) is dedicated to honoring the veterans that served in our country’s military and recognize the vast business potential they represent.  As a result, a program called “VetLoan Advantage” was created in...

Growth Corp Named Illinois’ Largest 504 Lender

The Top CDC in Illinois for 20+ Consecutive Years  Growth Corp, a non-profit Certified Development Company (CDC), has been named Illinois’ 504 Lender of the Year by the U.S. Small Business Administration (SBA)!  This prestigious award represents Growth Corp’s...

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...