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...
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...
As an ALP Express Lender, effective immediately, Growth Corp can provide expedited processing for 504 Loans of $500 thousand or less! What is ALP Express? The ALP Express Program is a new loan program that provides delegated authority for ALP CDCs, such as Growth...
Growth Corp is proud to be a 504 partner with local community banks. Here are just some of the many ways community banks are the cornerstone of their community: They are locally owned and operated. They constitute 96.8% of all banks. Community banks are the primary...
With so much talk recently about interest rates and inflation, let’s take a moment to address some frequently asked questions about how SBA 504 interest rates are determined and why they can help insulate small business owners from inflation. Created over 30...
