If you’re a small business located in a rural community, you 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 rural communities,...
There will soon be a new member of the SBA 504 loan family. To better meet some borrowers’ needs, a 25-year loan term option will become available in 2018, which will be in addition to the 10-year and 20-year loan options already offered. SBA’s recent announcement...
Starting or growing a business can, and usually does, involve spending in several different areas. And some business owners may find their type of business to be one that lenders pass on due to inexperience with the business type or lack of comfort with the risks....
The U.S. Small Business Administration (SBA) recognizes the importance of our veterans and offers them special benefits through their SBA loan programs. SBA History The SBA was created in 1953 to counsel, assist and protect the interests of small businesses....
In celebration of Small Business Week, the Small Business Week of Eastern Missouri committee recognized outstanding efforts made by top SBA Lenders. Growth Corp was pleased to be recognized as one of the top CDC’s in Eastern Missouri. This awards ceremony was...
When it comes to SBA lending, the most common question we hear is, “What’s the difference between the SBA 504 and SBA 7a programs?” Many people are familiar with the better-known 7a and automatically assume that is the best option for financing any...
