Don’t miss this year’s Illinois Lender Forums…your chance to get caught up on SBA Loan Program updates and training opportunities! SBA’s Illinois District Office and Illinois’ SBDC Network are holding a series of free lender forums to...
Are you a commercial lender focused on small business banking? If so, let’s look at how a little “thinking outside the box” can help you approve more deals. We all recognize Netflix, Apple, Uber, and Airbnb as industry change agents. These are...
Do you ever feel like you’re working harder but not really getting anywhere? Setting SMART goals for 2020 will align your team toward an important target while helping to alleviate the natural tendency to fall off-track along the way. Whether you’re in...
With the new year almost upon us, it’s time to think about seizing new opportunities for exponential growth in 2020. That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable and accessible way...
One of the most commonly asked questions we hear from small business owners is, “How can I improve my chances of securing a business loan?” We recommend approaching the financing process the same as you would approach dating. There are things you can do that improve...
This November 30th, you can be a part of the 10th annual holiday shopping tradition called Small Business Saturday that helps to bring communities together in support of their favorite small businesses. Are you ready to Shop Small® and make a big impact in your...
The U.S. Small Business Administration (SBA) is dedicated to honoring the veterans that served in our country’s military and recognize the vast business potential they represent. SBA 504 Loans for Veterans is just one of the many measures SBA has taken to help...
Access to capital is consistently one of the top challenges entrepreneurs and small businesses encounter, making the SBA 504 Loan Program a vital resource to economic growth and job creation. We’re happy to report SBA 504 Loan Volume was up in...
SBA has announced lower fees for the SBA 504 Loan Program during Fiscal Year 2020 that will become effective October 1, 2019. Ongoing SBA Borrower Fee The Ongoing Borrower Fee for standard 504 loans is decreasing from 0.368% to 0.3205% of the outstanding...
Every year, the U.S. Small Business Administration (SBA) helps Americans secure billions of dollars in financing so they can start or grow a business. However, we still hear many common myths about SBA 504 loans. While some are harmless misunderstandings, others can...
