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Fulfill Community Reinvestment Act Credits with SBA 504

For banks interested in obtaining Community Reinvestment Act (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...

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...

SBA 504: It Matters Which CDC You Work With

When it comes to SBA 504 Loans, it matters which Certified Development Company (CDC) you work with.  Those who have investigated the U.S. Small Business Administration’s (SBA) 504 financing options have probably seen a reference to a Certified Development Company...

Dispelling the Myths About SBA 504 Loans

Dispelling the myths about SBA 504 Loans is important so that small businesses don’t miss out on an incredible financing opportunity.  In Fiscal Year 2023, more than 5,900 SBA 504 Loans were made to businesses nationwide, totaling $6.4 billion.  Despite this...

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...

Growth Corp – Illinois’ 504 Lender of the Year

(July 18, 2023) – Growth Corp was named Illinois’ 504 Lender of the Year by the U.S. Small Business Administration (SBA).  This prestigious award recognizes Growth Corp’s commitment to economic development and job creation through facilitation of the 504 Loan...