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Is New Construction on the Horizon? Think SBA 504

Are you in the market to finance new construction?   Maybe your business has grown and it’s time to move into your own building.  Maybe you’ve even looked at commercial real estate for sale or lease, but you just haven’t found what you’re looking for.  The location is...

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...

Lower Fees for SBA 504 Loans in Fiscal Year 2024

New lower fees for SBA 504 loan in Fiscal Year 2024 apply to loans approved October 1, 2023, through September 30, 2024, and include a lower annual service fee and the continuation of  0% upfront guaranty fee.       SBA 504 Loans The SBA 504 Loan Program is...

Proud Supporter of America’s 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...

Small Business Loans for Veterans

The U.S. Small Business Administration (SBA) recognizes the importance of quality small business loans for veterans and offers them special benefits through their SBA loan programs.    About the Small Business Administration (SBA) The U.S. Small Business...

It Takes a Village in SBA 504 Lending

There is an old saying that it takes a village to raise a child.  True.  But it also takes a village in SBA 504 lending.  The SBA 504 Loan Program is a long-term financing tool for economic development within a community.  The 504 Loan Program provides growing...