![](https://www.growthcorp.com/wp-content/uploads/2017/03/White-GC-Transparent-e1490985868660.png)
Do Your Business Plans Include Buying a building?|Purchasing equipment?|Refinancing?|Constructing a facility?|Renovating your property?
The 504 Loan Program offers below-market, fixed interest rates…with down payments as low as 10%
…and repayment terms of up to 25 years.
Sound too good to be true? It’s not.
25-YR FIXED RATE
6.04%
20-YR FIXED RATE
6.11%
10-YR FIXED RATE
6.48%
REFINANCE RATE
+0.025%
empowering economic growth
SBA 504 Loans
Why Do Thousands Of Businesses Choose the
SBA 504 Loan Program Each Year?
90% Financing
Long-Term Fixed Rates
Low, fixed interest rate on 504…fixed for either 10-, 20-, or 25-years
The 504 Includes Soft Costs
Payment Stability
Finances Leasehold Improvements
Provides up to $5.5 Million in Financing
Allows You to Keep Your Lender
Nationwide, SBA 504 lending saw double-digit increases throughout 2020, primarily because the terms are unlike anything else in the market.
![Growth Corp is Illinois' Largest SBA 504 Lender Growth Corp is Illinois' Largest SBA 504 Lender](https://www.growthcorp.com/wp-content/uploads/2019/01/IL-Largest-Badge.png)
expansion solutions
Purchase a Building
Construct a New Facility
Renovate Your Current Property
Purchase Heavy Machinery or Equipment
Refinance Commercial Mortgage Debt
In FY2022, more than 9,200 SBA 504 Loans were made to small businesses, totaling $9.2 billion.
How Does the 504 Loan Program Work?
50%
LOCAL BANK
A bank provides a first mortgage for
50% of the total project costs
40%
SBA 504 LOAN
Growth Corp provides an SBA 504 Loan (as a second mortgage) for 40% of the total project costs
10%
BORROWER EQUITY
The borrower provides a down payment of typically just 10% of the total project costs
SBA 504 Loans are offered in conjunction with banks...so you can keep your local relationship.
Estimate your monthly 504 loan payment.
Or, Use One of Our Other Tools
Let’s keep in touch…join our email list…
A Sampling of Our 504 Projects
Our mission is to advocate for small businesses.
We love our communities and believe small business is the foundation of their economic prosperity. We will do all we can to support you and your business goals. Start-ups to seasoned businesses and everything in between can benefit from working with Growth Corp. Here’s why:
We Are An Industry Leader
In Business Since 1992
We’ve assisted thousands of businesses spanning various industries. In fact, our portfolio is currently in excess of $675 million.
Trusted by the U.S. SBA
![](https://www.growthcorp.com/wp-content/uploads/2017/04/GrowthCorpLogo-2016-NoBorder-White-1-300x196.png)
![](https://www.growthcorp.com/wp-content/uploads/2020/12/GrowthCorpLogoFINAL_150x100.jpg)
877-BEST 504
www.GrowthCorp.com
A Non-Profit Organization Focused Exclusively on Small Businesses
![](https://www.growthcorp.com/wp-content/uploads/2021/03/Footer-Image-2.jpg)
By using this website, you understand that Growth Corp is good, but not perfect (although we do try!). Therefore, it is possible that you may find information on this site that is no longer accurate. Links, images, downloads, pages and blog posts may inadvertently contain information that has been superseded over the years. You also understand that we aren’t giving any legal, tax, or financial advice. So, while we hope our site makes you love 504 Loans as much as we do, the content herein is for informational purposes only.