With the new year almost upon us, it’s time to think about seizing new opportunities for growth in the months to come. That’s why the U.S. Small Business Administration (SBA) developed the 504 Loan Program…to offer business owners a more affordable...
Whether your business is product or service based, having the necessary equipment is vital to maintaining smooth operations. However, replacing, upgrading or purchasing new equipment for the first time can put a serious pinch on your cash flow. That’s why the...
SBA has announced fee changes for the SBA 504 Loan Program during Fiscal Year 2019 that will become effective October 1, 2018. Upfront Guaranty Fee This fee is increasing from zero to .50% for both standard and refinance 504 loans. This fee will be included...
There is a new member of the SBA 504 loan family. To better meet some borrowers’ needs, a 25-year loan term option is available, which is in addition to the 10-year and 20-year loan options already offered. SBA’s announcement of a 25-year debenture has been very...
Growth Corp has been named Illinois’ 504 Lender of the Year by SBA. This prestigious award represents Growth Corp’s continued support and extraordinary contribution to the small business community. Douglas Kinley, President of Growth Corp, and Joel Herscher, Vice...
When conventional financing isn’t readily available, it’s time to think outside the box. SBA 504 Loans oftentimes mitigate many of the obstacles that prevent a commercial loan approval. SBA 504 Loans Remove Common Barriers Credit risk Industry exposure...
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...
Small business owners can use the long-term, fixed rate 504 Loan Program to refinance existing commercial mortgages. This is huge considering the current trends are pointing toward tighter credit standards and higher interest rates. SBA 504 Refinance Program...
Many small business owners think financing a commercial real estate purchase isn’t an option because they’ve heard the down payments can be very high. However, there are options for business owners who can’t afford to contribute 20, 30 or even 35 percent...
In a rising interest rate environment, the cost of capital inches higher for all small businesses, but especially those who need to purchase new properties. Since the 2008 financial crisis, small business owners have relied heavily on loans with adjustable interest...
