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...
When it comes to SBA lending, the most common question we hear is, “What’s the difference between the SBA 504 and SBA 7a programs?” Many people are familiar with the better-known 7a and automatically assume that is the best option for financing any...
Wondering how to finance heavy equipment? The SBA 504 Loan Program is one of the best options for manufacturing operations looking to purchase heavy machinery and equipment, or for those looking to purchase new facilities, warehouses or other commercial real estate...
Let’s face it, financing the purchase of a medical office building can be a daunting task. Because of the high cost of building improvements (customized plumbing, construction of exam rooms, lead walls for x-ray or surgery units, etc.) and the additional costs...
