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...
(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...
Small business financing that was actually designed to meet the needs of small businesses? Sound too good to be true? It’s not! The decision on when to expand and/or relocate your business is a difficult one. Two of the most recognized hurdles you may...
The U.S. Small Business Administration (SBA) issued a series of new procedural notices this week, including SBA Information Notice 5000-847027 publishing the new SOP 50-10-7, “Lender and Development Company Loan Programs.” SOP 50-10-7 will become effective August 1,...
We’re here to give you 7 reasons why SBA 504 loans are vital for small businesses during fluctuating market conditions. The purpose of all SBA loan programs is to provide businesses like yours with access to funding under reasonable terms…but, did you...
In this season of rising rates, it’s time to think 504. The October 2022 rates for SBA 504 Loans are higher than they were last month, a trend consistent with recent federal interest rate hikes. SBA 504 rates and the 10-Year Treasury have followed a...
