Need a small business loan?You've come to the right place.
Do Your Business Plans Include Buying a building?|Purchasing equipment?|Constructing a facility?|Renovating your property?
Have we got the financing for you! How does a low, fixed 20-year interest rate and a down payment as low as 10% sound?
Too good to be true? It’s not.
What is the SBA 504 Loan Program?
The 504 Loan Program is one of the best financing solutions on the market. It provides small business owners with financing for the purchase, construction and renovation of commercial real estate and/or the purchase of long-term machinery and equipment. The best part? Borrowers typically receive financing for up to 90% of the project cost at a low fixed interest rate, which is then locked in for twenty years (10 for equipment). Plus, with the re-launch of the Refinance Program, small business owners can use the long-term, fixed rate 504 Loan Program to refinance existing commercial mortgages.
Is there a catch?
No, not at all. The 504 Loan Program was designed to help small businesses purchase the assets needed to grow and expand.
The U.S. Small Business Administration (SBA) specifically created the 504 Loan Program to promote economic development. The program helps lenders provide small businesses with long-term financing to acquire and improve major fixed assets, such as owner-occupied commercial real estate and heavy machinery.
Are there any limits?
The 504 portion cannot exceed $5 million or $5.5 million, depending on whether your business meets an approved public policy goal or is classified as a small manufacturer (NAICS codes beginning with 31, 32 or 33). Remember, this limit is for the SBA portion only. There is no overall maximum project size.
How can I speak with someone from your lending team?
Our lending team is here to help you anytime. We’re excited to discuss your ideas and help determine if you’re eligible for the 504 Loan Program.
Why do thousands of businesses choose the 504 Loan Program every year?
Long-Term Fixed Rates
The 504 Includes Soft Costs
Finances Leasehold Improvements
Provides up to $5.5 Million in Financing
Allows You to Keep Your Lender
Interest Rate History
504 vs 7a
Our mission is to advocate for small businesses.
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.