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...

Government Shutdown – Impact on SBA Loans

As you are aware, the federal government shutdown officially began on December 22, 2018, at 12:01 AM. The Small Business Administration has ceased operating its core lending and investment programs until government funding is made available. In light of the many...

New Year, New Opportunities to Grow

With the new year almost upon us, it’s time to think about seizing new opportunities for growth in the months to come.  That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable...

The Affordable Way to Finance Machinery & Equipment

Whether your business is product or service based, having the necessary equipment is vital to maintaining smooth operations.  However, replacing, upgrading or purchasing new equipment for the first time can put a serious pinch on your cash flow.  That’s why the...

Fee Changes for SBA 504 Loans – Effective October 1

SBA has announced fee changes for the SBA 504 Loan Program during Fiscal Year 2019 that will become effective October 1, 2018.     Upfront Guaranty Fee This fee is increasing from zero to .50% for both standard and refinance 504 loans. This fee will be included...

Available Now – A 25-Year Term for SBA 504 Loans

There is a new member of the SBA 504 loan family.  To better meet some borrowers’ needs, a 25-year loan term option is available, which is in addition to the 10-year and 20-year loan options already offered.  SBA’s announcement of a 25-year debenture has been very...