Growth Corp

Growth Corp

Financial Services

Springfield, IL 474 followers

Since 1992, we've been helping businesses strengthen and grow via SBA capital.

About us

Growth Corp is a not-for-profit organization empowered by the U.S. Small Business Administration to marshal the 504 Loan Program to small businesses throughout the entire state of Illinois, and parts of Missouri, Indiana, Iowa and Kentucky. For 30 years, Growth Corp has been focused on the advancement of small businesses and the development of local economies. We are proud to employ the top people from all aspects of credit, accounting, business development, closing and portfolio management. However, because we only have about 30 employees, we also understand the intricacies of running a small business. And, throughout our 30 year history, Growth Corp has evolved into one of the top rated and highest producing Certified Development Companies in the nation.

Website
https://www.growthcorp.com/
Industry
Financial Services
Company size
11-50 employees
Headquarters
Springfield, IL
Type
Nonprofit
Founded
1988
Specialties
SBA 504 Loans, Commercial Real Estate Financing, Small Business Loans, Equipment Financing, Small Business Administration Loan Programs, Certified Development Company, and SBA

Locations

Employees at Growth Corp

Updates

  • View organization page for Growth Corp, graphic

    474 followers

    Interested in customized, on-site SBA 504 training from a member of our team? We offer personalized training sessions tailored to your needs and schedule. If you're a lender, real estate professional, or small business owner, our experts are here to provide comprehensive training and insights into the SBA 504 program. Let us empower you with the knowledge and tools you need to succeed in the world of small business lending. Get in touch today to schedule your training session! 📚💼

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  • View organization page for Growth Corp, graphic

    474 followers

    Tired of unpredictable variable rates? Say goodbye to uncertainty and hello to stability with Growth Corp's fixed-rate financing options. Whether you're planning for expansion or refinancing existing debt, our solutions provide the peace of mind and financial security you deserve. Take control of your future – choose stability, choose Growth Corp.

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  • View organization page for Growth Corp, graphic

    474 followers

    #FaqFriday Q: "Does Growth Corp work in conjunction with your local bank or credit union?" A: Yes. Growth Corp works in conjunction with existing banks. In a typical 504 loan structure, a bank or other lender provides 50% of the project cost, the Certified Development Company (CDC), like Growth Corp, provides 40% through the SBA-backed loan, and the borrower typically contributes the remaining 10%. This partnership allows businesses to access larger amounts of capital with favorable terms, fostering growth and development. Reach out to Growth Corp or your current bank to learn more about how this collaboration can benefit your business! 💼🏢

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  • View organization page for Growth Corp, graphic

    474 followers

    🌟 Introducing our newest addition to the team: Nick Kern! 🌟 With an impressive 19 years of banking experience, including 14 dedicated years at Growth Corp, Nick brings a wealth of knowledge and expertise to the table. Specializing in Loan Servicing, Closing, and Underwriting, he is your go-to loan officer for central/southern IL, metro-East, and greater St. Louis areas. Whether you're a small business looking to grow or an entrepreneur with big dreams, he is here to guide you every step of the way. Welcome aboard, Nick – let's make your business dreams a reality! 💼💡

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  • View organization page for Growth Corp, graphic

    474 followers

    💼🏢 Empower your business dreams with our SBA 504 loans! From entrepreneurs launching their ventures to established businesses expanding their horizons, our tailored financing solutions are designed to pave the way for growth and success. Let’s partner together to turn your business aspirations into reality!

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  • View organization page for Growth Corp, graphic

    474 followers

    💙 Love Your Bank? We do too! 💙 We believe in the power of partnership. That's why we're proud to collaborate with banks to fuel economic growth and support local businesses. Our SBA 504 loan program isn't about competition – it's about complementing the services offered by banks. Together, we can provide comprehensive financing solutions that meet the diverse needs of our community. Our goal is to foster a thriving business ecosystem where everyone wins. Let's strengthen connections, empower entrepreneurs, and build a brighter future together!

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  • View organization page for Growth Corp, graphic

    474 followers

    Ready to supercharge your business with cutting-edge equipment? Our SBA 504 loan program is here to fuel your expansion! From state-of-the-art machinery to advanced technology, our focused equipment financing empowers you to upgrade, innovate, and stay ahead of the curve. Don't let equipment costs hold you back – seize the opportunity to propel your growth and productivity to new heights!

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