Important 504 Loan Servicing Changes If you have an SBA 504 Loan, please take note of this important 504 Loan Servicing change regarding the ACH debit transactions for monthly SBA 504 loan payments. The File ID/Company ID associated with the ACH debit will be...
SBA’s Illinois District Office, SCORE and Illinois’ SBDC Network are holding a series of free forums to update commercial lenders on agency programs and services. Topics will include SOP 50 10 changes, new Fiscal Transfer Agent (FTA), and upcoming SBA training...
One question we are hearing repeatedly is…how can I refinance SBA 7a debt into a long-term 504 loan? This is a great question because SBA 504 Refinancing is especially important as interest rates rise. Essentially, the 504 helps businesses lock in lower...
There are many benefits to working with a Small Business Development Center, or SBDC for short. Here are just a few of the many benefits they provide… 1. Objective Feedback and Advice– from small business experts focused on YOUR best interests The SBDC...
As a proud host, Growth Corp wholeheartedly commits to helping the Illinois Small Business Development Center for Central Illinois (SBDC) expand its services to disadvantaged businesses, increasing its community outreach–especially to the surrounding areas, retaining...
SBA 504 Loans can help mitigate risk and support overall risk management practices while simultaneously providing a great opportunity for banks to expand their service to small business customers. Let’s face it, banks are handling a heavy load of problems and are more...
Small businesses in underserved communities should be aware of an SBA loan program created specifically to help you grow and expand. The SBA 504 Loan Program, an economic development tool designed to help businesses in underserved communities, provides long-term,...
We’re here to give you 7 reasons why SBA 504 loans are vital for small businesses during fluctuating market conditions. The purpose of all SBA loan programs is to provide businesses like yours with access to funding under reasonable terms…but, did you...
Are you ready to grow your business? With the turn of a new year, it’s a great time to take action. And good news…the U.S. Small Business Administration (SBA) actually created the 504 Loan Program to offer business owners a more affordable and accessible way...
The U.S. Small Business Administration (SBA) recognizes the importance of quality small business loans for veterans and offers them special benefits through their SBA loan programs. About the Small Business Administration (SBA) The U.S. Small Business...
