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Planning to Grow Your Business in the New Year?

With the turn of a new year, are you thinking about seizing new opportunities to grow your business?  That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable and accessible way to grow and...

35-YEAR COMMITMENT TO SMALL BUSINESSES

Growth Corp, a mission-driven Certified Development Company (CDC), is proud to continue its 35-year commitment to connecting local small businesses with access to quality capital.  As many businesses struggle to find affordable growth financing in this higher-rate...

SBA 504 Loans Qualify for CRA Credits

For banks interested in obtaining CRA Credits, there are new changes ahead that will make it easier!  On October 24, 2023, the Federal Reserve, the FDIC, and the OCC issued a Final Rule amending the agencies’ Community Reinvestment Act (CRA) regulations. The agencies...

SBA 504 – Change of Ownership

Recently, we’ve received more questions regarding the eligibility of financing a change of ownership (the buyout of a business partner) under the SBA 504 Loan Program. The SBA 504 was designed for small business owners to finance commercial real estate and...

Debunking the Myths of SBA 504 Loans

In Fiscal Year 2022, more than 9,200 SBA 504 Loans were made to businesses nationwide, totaling $9.2 billion. Despite this incredible success, the 504 Loan Program remains under-utilized by lending organizations, possibly because of some erroneous misconceptions still...