New lower fees for SBA 504 loan in Fiscal Year 2025 apply to loans approved October 1, 2024, through September 30, 2025, and include a 3.3 basis points decrease in the annual service fee and the continuation of 0% upfront guaranty fee. SBA 504 Loans The...
Growth Corp was named Illinois’ 504 Lender of the Year by the Illinois District Office of 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...
There is now no limit to the number of SBA 504 Green Energy Public Policy Projects or the aggregate dollar amount outstanding. The SBA 504 Green Energy Loan Program allows businesses to go green to benefit the environment while also exceeding typical SBA lending...
Grace Ballet & Acrobatics Studio, owned by Anna Johnson, has successfully operated for two decades, and with the assistance of the SBA 504 Loan Program, she was able to lock in a lower fixed interest rate to increase profit margins and create stability. Grace...
For more than 50 years, the U.S. Small Business Administration (SBA) has celebrated National Small Business Week, which recognizes the critical contributions of America’s small business owners. This year, National Small Business Week takes place April 28 – May 4,...
Join us for a series of 2024 Illinois Lender Forums. SBA’s Illinois District Office, SCORE and Illinois’ SBDC Network are holding a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, Lender...
