Starting or growing a business can, and usually does, involve spending in several different areas. And some business owners may find their type of business to be one that lenders pass on due to inexperience with the business type or lack of comfort with the risks....
There will be a slight fee reduction for SBA Loans approved on or after October 1, 2017… Each year SBA reviews certain fees payable to SBA to determine if any of those fees need to be adjusted to cover the estimated subsidy costs of the 504 Loan Program. For...
The U.S. Small Business Administration (SBA) recognizes the importance of our veterans and offers them special benefits through their SBA loan programs. SBA History The SBA was created in 1953 to counsel, assist and protect the interests of small businesses....
In June, Growth Corp was once again awarded Illinois’ Largest 504 Lender by the U.S. Small Business Administration (SBA) for its continued support and extraordinary contribution to the small business community. Growth Corp remains one of the top ten CDC’s in the...
The true bottom line of an expansion project, no matter the size, is far more than just the cost for foundation and bricks. Let’s face it, soft costs can constitute a big portion of expansion costs. And most conventional bank loans only finance a percentage of the...
Attention lenders: when small business owners approach your bank looking for a loan to purchase commercial real estate or heavy equipment for their growing business, are you prepared to meet their needs? What if they lack a sizable down payment? SBA 504 Loan...
As you’ve probably heard, interest rates are on the rise. And rising interest rates can have a serious effect on small businesses…impacting everything from growth plans to cash flow. Therefore, if you’re a small business owner with either a...
From understanding the 504 Loan Program to learning the Refi specifics, Growth Corp is here to provide SBA 504 loan support and training. Our team, drawing from decades of practical experience with 504 lending, is able to provide a unique blend of expertise to our...
In general, loans that don’t fall under the “conventional small business lending” category may be considered as community development loans. Loans and investments can get credit under the economic development category if they meet both a...
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 pleased to be recognized as one of the top CDC’s in Eastern Missouri. This awards ceremony was...
