504 LOANS FINANCE

Current Interest Rates: 25-Year: 5.35% | 20-Year: 5.29% | 10-Year: 5.29% | Refi: 5.33%

SMALL BUSINESS RESOURCES

Agencies like SBA, SCORE and America’s SBDC are driving economic development by helping small businesses expand.

As a proud provider of SBA’s 504 Loan Program, Growth Corp is also pleased to be associated with these other great organizations:

U.S. Small Business Administration

Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.

SCORE Small Business Counseling

SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship.  Because their work is supported by the U.S. Small Business Administration (SBA), and thanks a network of 10,000 volunteers, SCORE is able to deliver its services at no charge or at very low cost.

Small Business Development Center

Small Business Development Centers (SBDCs) provide a vast array of technical assistance to small businesses and aspiring entrepreneurs. By supporting business growth, sustainability and enhancing the creation of new businesses entities, SBDCs foster local and regional economic development through job creation and retention. As a result of the no cost, extensive, one-on-one, long-term professional business advising, low-cost training and other specialized services SBDC clients receive, the program remains one of the nation’s largest small business assistance programs in the federal government . The SBDCs are made up of a unique collaboration of SBA federal funds, state and local governments, and private sector resources.

ACCION

Accion helps communities grow by investing in people who build businesses and generate jobs in their neighborhoods. This organization provides customized capital solutions and one-on-one coaching to under-served entrepreneurs in Illinois and Northwest Indiana.

National Association of Certified Development Companies

The National Association of Development Companies (NADCO) is the trade association of SBA Certified Development Companies (CDCs) and other lenders delivering SBA loans and financing for small businesses.

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504 Loan Application

Get the 504 Loan Application process started by downloading our application forms.

504 vs 7(a)

Maximize the 504 and 7(a) Loan Programs by using them both for the purpose they were intended.

Interest Rate History

A look back at the 20-year, 10-year and debt refinance monthly 504 Interest Rates.  Plus, the new 25-yr rate.

Quick Qualifiers

Not sure if the 504 is for you?  Answer four simple questions to see if you qualify for the 504 Loan Program.

Billion Financed in Illinois

Jobs Created or Retained for Illinois

Cost of the Program to Taxpayers

The Results of the 504 Are Amazing

The 504 Loan Program is the U.S. Small Business Administration’s (SBA) most successful economic development tool. It promotes economic development by providing long-term, fixed rate financing to healthy expanding businesses that have the highest probability of increasing productivity, creating new jobs, and successfully competing in their market.

The 504 program makes growth a viable option for small businesses, creating new employment opportunities for the community which otherwise wouldn’t be available. The 504 also offers additional funding to businesses meeting public policy goals such as women, minority, or veteran ownership.

The objectives of SBA’s 504 Loan Program are quite simple: promote economic development, increase job creation and contribute to the growth and expansion of small businesses.

SBA 504 LOANS

How Will You Grow Your Business?

877-BEST 504

www.GrowthCorp.com

Central IL Office 217.787.7557   |   Chicago Office 773.880.1455  |  Southern IL Office 618.932.3786

 

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