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...
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...
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...
Women-owned businesses are making a big impact…and October is National Women’s Small Business Month, which means it’s time to not only celebrate and recognize the myriad achievements of our country’s female entrepreneurs, but also the positive impact they are...
The September 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 similar track historically. Therefore, given that the 10-year treasury...
New SBA 504 loan fees apply to loans approved October 1, 2022, through September 30, 2023, and include a lower upfront guaranty fee, but a slightly higher annual service fee. SBA 504 Loans The SBA 504 Loan Program is designed to help business owners be...
