25-YR FIXED RATE
5.86%
20-YR FIXED RATE
5.92%
10-YR FIXED RATE
5.65%
REFINANCE RATE
+0.0025%
empowering economic growth
SBA 504 Loans
Why Do Thousands Of Manufacturing Firms
Choose the SBA 504 Loan Program Each Year?
90% Financing
Long-Term Fixed Rates
Low, fixed interest rate on 504…fixed for either 10-, 20-, or 25-years.
The 504 Includes Soft Costs
Payment Stability
Finances Leasehold Improvements
Provides up to $5.5 Million in Financing
Up to $5.5 million per project for the SBA portion of loan, no limit on overall project size
Manufacturing Firms May Qualify for Multiple 504 Loans
Up to an aggregate total of $16.5 million for SBA’s portion of the loan(s), no limit on overall project size.
Nationwide, SBA 504 lending saw double-digit increases in Fiscal Year 2024, primarily because the terms are unlike anything else available in the market.
NEW for Manufacturers!
SBA significantly reduced SBA 504 loan fees for small manufacturers. What this means is that eligible manufacturers (NAICS Sectors 31-33) will receive a 0.5% fee reduction on upfront loan fees, and their interest rate will be 20 basis points lower than the standard rate.
expansion solutions
Purchase a Building
Construct a New Facility
Renovate an Existing Property
Purchase Heavy Machinery or Equipment
Refinance Commercial Mortgage Debt
Estimate your monthly 504 loan payment.
Let’s Get Started on Your Project
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How Does the 504 Loan Program Work?
50%
LOCAL BANK
A bank provides a first mortgage for
50% of the total project costs
40%
SBA 504 LOAN
Growth Corp provides an SBA 504 Loan (as a second mortgage) for 40% of the total project costs
10%
BORROWER EQUITY
The borrower provides a down payment of typically just 10% of the total project costs
SBA 504 Loans are offered in conjunction with banks...so you can keep that local relationship.
In FY2024, more than 5,900 SBA 504 Loans were made to small businesses, totaling $6.7 billion.
A Sampling of Our 504 Projects
Our mission is to advocate for small businesses and manufacturing firms.
We love our communities and believe small business is the foundation of their economic prosperity. We will do all we can to support you and your business goals. Start-ups to seasoned businesses and everything in between can benefit from working with Growth Corp. Here’s why:
We Are An Industry Leader
In Business Since 1992
We’ve assisted thousands of businesses spanning various industries. In fact, our portfolio is currently in excess of $675 million.
Trusted by the U.S. SBA
