Are You Looking to Buy a building?|Purchase equipment?|Refinance?|Construct a facility?|Renovate your property?
For manufacturing firms looking to grow, the 504 Loan Program offers below-market, fixed interest rates…with down payments as low as 10%…and repayment terms of up to 25 years.
Sound too good to be true? It’s not.
25-YR FIXED RATE
20-YR FIXED RATE
10-YR FIXED RATE
empowering economic growth
SBA 504 Loans
Why Do Thousands Of Manufacturing Firms
Choose the SBA 504 Loan Program Each Year?
Long-Term Fixed Rates
Low, fixed interest rate on 504…fixed for either 10-, 20-, or 25-years.
The 504 Includes Soft Costs
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 has seen double-digit increases in Fiscal Year 2021, primarily because the terms are unlike anything else available in the market.
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?
A bank provides a first mortgage for
50% of the total project costs
SBA 504 LOAN
Growth Corp provides an SBA 504 Loan (as a second mortgage) for 40% of the total project costs
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 FY2020, more than 7,000 SBA 504 Loans were made to small businesses, totaling $5.8 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.