Loan Calculator
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 Use our calculator to determine your estimated monthly payment through Growth Corp. If you have any questions or wish to speak with someone directly, please feel free to contact us.
Loan Calculator

Step 1 of 4 | Use of Proceeds

$
$
$
$
$

Soft Costs:
$
$
$
$
Total Soft Costs: $
Total Project Cost $

Instructions: Please click the "Calculate" button at the bottom of this page once you have input all project costs to retrieve the calculations.

Step 2 of 4 | Finance Structure

50% $
40% $
$
Total Project Cost $

Step 3 of 4 | Out of Pocket & One Time Fees

Due Prior to Closing
$
 
$
 
$
 

One Time Fees (Rolled into Debenture)2
$
 
$
 
$
 
$
 
$
 
$
 
Gross Debenture $
 

Step 4 of 4 | Rate, Term & Estimated Monthly Payment

 
2.38%
 
1.663%
 

Payments
Your estimated total monthly payment on the 504 Loan will be

1.  This is an illustration only.  The Debenture Rate for the 504 loan is fixed for the loan term at the time of funding. Therefore, the above note rate is only an estimate and may not be the actual rate and monthly payment the applicant receives at the time of the debenture sale. The advertised effective rate may vary slightly from this illustration. In structuring your loan, a Loan Officer can provide a more definitive estimate.
2. Statutory fees are paid monthly to CDC, SBA, and a Central Servicing Agent. Fees are adjusted every five years based on the balance of the note at the five-year anniversary date. The approximate calculation for monthly fees is the anniversary balance multiplied by 1.6625% divided by 12.

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