(July 18, 2023) – Growth Corp was named Illinois’ 504 Lender of the Year by the U.S. Small Business Administration (SBA). This prestigious award recognizes Growth Corp’s commitment to economic development and job creation through facilitation of the 504 Loan...
SBA 504 Interest Rates are often below the Prime Interest Rate. The average Prime Rate (August 1955 – Present) is 9.80%. Today’s Prime Rate is 8.25%. Conversely, today’s 25-Year Fixed SBA 504 Interest Rate is 6.02%. While this is higher than the...
The U.S. Small Business Administration (SBA) issued a series of new procedural notices this week, including SBA Information Notice 5000-847027 publishing the new SOP 50-10-7, “Lender and Development Company Loan Programs.” SOP 50-10-7 will become effective August 1,...
Those who have investigated the U.S. Small Business Administration’s (SBA) 504 financing options have probably seen a reference to a Certified Development Company (CDC), but they may not be fully aware of what a CDC is or what role they play in the SBA...
