On December 9, 2024, Forbes published an article titled, “With Rates Dropping, the SBA is Relaxing Its Refinancing Rules for Small Businesses” by Brandon Kochkodin, which highlights recent changes to the SBA 504 Refinancing program. Let’s touch on...
The U.S. Small Business Administration (SBA) is dedicated to honoring the veterans that served in our country’s military and recognize the vast business potential they represent. As a result, a program called “VetLoan Advantage” was created in partnership...
What are the top five factors influencing SBA lending in 2024 and why has SBA’s role grown even more important? More and more small business owners are turning to SBA loans as quality sources of capital. That’s why its important to be aware of the current factors...
New lower fees for SBA 504 loan in Fiscal Year 2025 apply to loans approved October 1, 2024, through September 30, 2025, and include a 3.3 basis points decrease in the annual service fee and the continuation of 0% upfront guaranty fee. SBA 504 Loans The...
Growth Corp was named Illinois’ 504 Lender of the Year by the Illinois District Office of 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...
There is now no limit to the number of SBA 504 Green Energy Public Policy Projects or the aggregate dollar amount outstanding. The SBA 504 Green Energy Loan Program allows businesses to go green to benefit the environment while also exceeding typical SBA lending...
