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Business Financing for Military Veterans

The U.S. Small Business Administration (SBA) recognizes the importance of our veterans and offers them special benefits through their SBA loan programs.   SBA History The SBA was created in 1953 to counsel, assist and protect the interests of small businesses....

Growth Corp Recognized as Largest 504 Lender in Illinois

In June, Growth Corp was once again awarded Illinois’ Largest 504 Lender by the U.S. Small Business Administration (SBA) for its continued support and extraordinary contribution to the small business community.  Growth Corp remains one of the top ten CDC’s in the...

Financing the Soft Costs of Expansion

The true bottom line of an expansion project, no matter the size, is far more than just the cost for foundation and bricks.  Let’s face it, soft costs can constitute a big portion of expansion costs.   And most conventional bank loans only finance a percentage of the...

A Lender’s Guide to SBA 504 Loans

Attention lenders: when small business owners approach your bank looking for a loan to purchase commercial real estate or heavy equipment for their growing business, are you prepared to meet their needs?  What if they lack a sizable down payment?   SBA 504 Loan...

Rising Interest Rates: Why SBA 504 Loans Are Still Attractive

As you’ve probably heard, interest rates are on the rise.  And rising interest rates can have a serious effect on small businesses…impacting everything from growth plans to cash flow.   Therefore, if you’re a small business owner with either a...