As a commercial lender or CPA, are you an industry disruptor? Are you proactively approaching every small business client and arming yourself with creativity and innovation? If so, you’re creating abundant opportunities to help more borrowers and business...
Routinely, SBA issues updates to its SOP, the standard operating procedures for its lending programs, including the SBA 504. Some of the most notable changes are summarized below. Appraisal Threshold Has Increased SBA has increased the minimum threshold for...
The SBA is set up to help all small business owners get financing to start or grow their businesses. Yet, while the SBA doesn’t discriminate, it does have a vested interest in helping more women business owners get SBA loans. Women in Business – Stats...
Our focus is on offering financial help for small business borrowers. Therefore, allow us to share some tips and resources available as you look to grow your business: Plan Ahead As you consider your goals, remember that it is never too early to start planning...
America has over 30 million small business owners. These innovative entrepreneurs are the engine of job creation and economic growth in our country. The U.S. Small Business Administration (SBA) ensures these businesses have the tools and resources necessary for...
You already know SBA loans are available to most for-profit businesses for a wide array of purposes, from starting and growing a business to purchasing commercial real estate. You might even know the 7(a) Loan Program and the 504 Loan Program like the back of your...
The SBA’s Office of Advocacy recently released the 2018 Small Business Profiles for States and Territories. This information provides key facts, numbers and trends regarding entrepreneurship and small business in America. Some quick take-aways: American...
One of the most commonly asked questions we hear from small business owners is, “How can I get financing for my small business?” Approach the financing process the same as you would approach dating. There are things you can do that improve your chances of success. ...
Growth Corp is a non-profit development company certified by the U.S. Small Business Administration (SBA) to originate SBA 504 loans in Illinois and its surrounding areas. With a current portfolio in excess of $675 million, Growth Corp has helped thousands of small...
As you are aware, the federal government shutdown officially began on December 22, 2018, at 12:01 AM. The Small Business Administration has ceased operating its core lending and investment programs until government funding is made available. In light of the many...
