For more than 50 years, the U.S. Small Business Administration (SBA) has celebrated National Small Business Week, which recognizes the critical contributions of America’s small business owners. This year, National Small Business Week takes place April 28 – May 4,...
The Small Business Administration (SBA) will increase its business size standards effective March 18, 2024. Eligible businesses will now include those with a Tangible Net Worth of not more than $20 million (up from $15 million), and Average Net Income...
Growth Corp, a mission-driven Certified Development Company (CDC), is proud to continue its 35-year commitment to connecting local small businesses with access to quality capital. As many businesses struggle to find affordable growth financing in this higher-rate...
When it comes to SBA 504 Loans, it matters which Certified Development Company (CDC) you work with. 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...
SBA published in the Federal Register a Final Rule on the SBA 504 Refinance Program that made the program easier to use. The effective date of the Final Rule and changes is November 13, 2023. SBA 504 Refinance Improvements Include The program is able to...
The SBA 504 pre-payment penalties are often misunderstood by both borrowers and industry professionals. A question we often get is: “Are there pre-payment penalties with SBA 504 Loans”? The answer is yes, but it’s not as bad as you might think....
