SBA published in the Federal Register a Final Rule on the SBA 504 Refinance Program that made the program easier to use. The effective date of the Final Rule and changes is November 13, 2023. SBA 504 Refinance Improvements Include The program is able to...
The SBA 504 pre-payment penalties are often misunderstood by both borrowers and industry professionals. A question we often get is: “Are there pre-payment penalties with SBA 504 Loans”? The answer is yes, but it’s not as bad as you might think....
Did you know, it is estimated that $900B in CRE loans will come due by the end of 2024?! With interest rates on the rise, and the prime rate currently sitting at 8.5%, your financial plans should include refinancing with the 504’s below-market, long-term fixed...
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...
There are many benefits to working with a Small Business Development Center, or SBDC for short. Here are just a few of the many benefits they provide… 1. Objective Feedback and Advice– from small business experts focused on YOUR best interests The SBDC...
As a proud host, Growth Corp wholeheartedly commits to helping the Illinois Small Business Development Center for Central Illinois (SBDC) expand its services to disadvantaged businesses, increasing its community outreach–especially to the surrounding areas, retaining...
