Very Low SBA 504 Interest Rates

With the September 2019 debenture pricing, we are seeing very low interest rates for SBA 504 loans.  Also, SBA 504 effective rates are sharply lower than Prime Rate despite the Federal rate cut in July.  While no one knows where interest rates will go, the fiscal...

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...

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...

Think Outside the Box with SBA 504 Loans

When conventional financing isn’t readily available, it’s time to think outside the box.  SBA 504 Loans oftentimes mitigate many of the obstacles that prevent a commercial loan approval. SBA 504 Loans Remove Common Barriers Credit risk Industry exposure...