Helping small business owners achieve their dreams is what we’re all about. We appreciate the irreplaceable role they play in our economies and pledge to support them and equip them with the tools and resources they need to succeed.
As a not-for-profit organization, Growth Corp is a strong advocate for economic development and the advancement of small business. In 2015 alone, Growth Corp facilitated the investment of more than $487 million into the small business community, which created and/or retained over 1,500 jobs. Our 504 Loan Program is a financing tool for economic growth and development that provides small businesses with long-term, fixed-rate loans to help them acquire major fixed assets for expansion and modernization. Essentially…with the 504 Loan Program…businesses realize better access to money for expansion than would otherwise be available. And, with loan limits as high as $5 million ($5.5 million for manufacturers), borrowers can use the program multiple times as long as the total 504 portion stays below the maximum lending limits. This is a great feature for borrowers buying a building and planning to purchase/install new equipment, or for retailers opening multiple stores.
And that’s how our economies get built…one job, one small business and one community at a time.