empowering economic growth

504 loan program


Let’s get started!

The forms below include an Application Checklist, meant to help you stay organized, as well as some of the initial forms our Loan Officers will need to analyze your business borrower and potential project.  However, we encourage you to call or email a member of our Lending Team first so they can guide you through the process.

SBA 504 Refinancing

We’ve put together some information to help you guide borrowers through the recent changes to the 504 Refinancing Program.  If at any time you have any questions, don’t hesitate to call or email a member of our Lending Team.  We’d be happy to share what we know and help point you in the right direction.

Recent News…

How to Refinance SBA 7a Debt into a 504 Loan

One question we are hearing repeatedly is...how can I refinance SBA 7a debt into a long-term 504 loan? This is a great question because SBA 504 Refinancing is especially important as interest rates rise.  Essentially, the 504 helps businesses lock in lower interest...

Questions About an Existing 504?

If you have questions/concerns about an existing 504 Loan, we’re here to help.  Contact any member of our Servicing Team:

Servicing Main Line  |  217-241-3000

Growth Corp is the top CDC in Illinois, the largest 504 Lender in Chicago and a top ten 504 Lender Nationwide, but we're still just a small, focused team working together every day to make the 504 process the best it can be.

We know that when it comes to 504 loans, it's about much more than just getting an approval.  It's the ease-of-mind that comes from knowing Growth Corp's team has their finger on the pulse of the process from application to funding and even beyond into long-term servicing. It's knowing you will be informed every step of the way by the point-person responsible for overseeing the closing of your loan. It's knowing that, given Growth Corp's extremely low turn-over, you'll have the same experienced team members continuing to serve you year-after-year.

SBA recognized Growth Corp as an Accredited Lender after a thorough review of its policies, procedures and prior performance. The prestigious ALP status grants Growth Corp increased authority to process and close 504 loans, which results in an expedited process for both borrowers and lending partners.  In addition, under the ALP Express Program, Growth Corp has been granted the authority to approve, authorize, close and service SBA 504 loans of $500,000 or less.

Quality, accuracy and quick turn-around times are just some of the reasons why Growth Corp is the top CDC in Illinois, the largest 504 Lender in Chicago and a top ten 504 Lender nationwide.  But, remember, we're just a small team working together every day to make the 504 Loan process the best it can be.

How Will You Grow Your Business?

877-BEST 504


A Non-Profit Organization Focused Exclusively on Small Businesses
Join Our Email List

By using this website, you understand that Growth Corp is good, but not perfect (although we do try!). Therefore, it is possible that you may find information on this site that is no longer accurate.  Links, images, downloads, pages and blog posts may inadvertently contain information that has been superseded over the years.  You also understand that we aren’t giving any legal, tax, or financial advice.  So, while we hope our site makes you love 504 Loans as much as we do, the content herein is for informational purposes only.