25-Yr: 2.58% | 20-Yr: 2.55% | 10-Yr: 2.47% | Refi: 0.0348%
Interest Rate History

empowering economic growth

Rates & Terms

Interest Rates

  • Fixed-rate
  • Fully amortized for the life of the loan
  • Interest rate is locked when the debenture is sold


  • Real estate:  10-, 20- or 25-year terms
  • Equipment:  10-year term

Loan Limits

  • $5 million (typical projects)
  • $5.5 million per project for manufacturers or “green” projects
  • There is no maximum lending limit on the bank’s portion of the financing

SBA 504 Fees

Fee Amt
Growth Corp Processing Fee 1.500%
Loan Servicing Agent Fee 0.250%
Bond Underwriter (20 year bonds) 0.400%
SBA Guarantee Fee 0.500%
Total 2.650%
Closing Attorney Fees $2,500
Fee to Bank, due before Closing 0.5% of First Mortgage Fee
Borrower Closing Costs:
Borrower is responsible for paying for closing items, including, but not limited to, credit reports, title work, recording and search fees. Growth Corp will charge the borrower 1% of the 504 loan amount, with a minimum of $2,500, to cover these costs upon loan approval and refund any balance at funding.


The Commitment Fee – Explained

Quite a few people get confused about this.  The commitment fee is essentially a deposit.  As stated in Section III of your application agreement, “the commitment fee, together with the application deposit, will be used to pay for the closing costs, including, but not limited to, credit reports, title insurance, recording and search fees, Growth Corp legal fees, and all other out-of-pocket costs”.  Growth Corp will send a statement detailing the costs paid from these funds together with a refund of the balance, if any, after the loan is funded.  (Please note:  the loan cannot proceed with closing until these fees are paid in full.)



What to Expect and When

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

We’re the #1 SBA 504 Lender in Chicago and Illinois.  Growth Corp also consistently ranks as one of the top ten SBA 504 Lenders nationwide.

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

SBA recognized Growth Corp as an Accredited Lender after a thorough review of its policies, procedures and prior performance.


How Will You Help Your Clients?