Small Business Growth Corporation (Growth Corp) is a nonprofit, mission-based lender dedicated exclusively to connecting small businesses with quality expansion capital through administration of the SBA 504 Loan Program. For over 30 years, Growth Corp has been helping small businesses and communities grow. We’re proud of the impact SBA 504 Loans have in the community and the role we’ve had in helping businesses grow and create jobs. Whether that’s in Chicago, the rural areas of Southern Illinois, or all the unique communities in between, the businesses that have been helped by our organization produce a ripple effect of economic transformation.
Growth Corp’s SBA 504 Loan Program is truly “impact capital” and a win-win for all those involved:
Banks reduce their lending risk and can extend capital to more businesses
Business borrowers can grow their business thanks to easily accessible and affordable financing
Communities benefit through job creation and local reinvestment
Investors can purchase interests in the SBA 504 Loan Program’s debenture pools, an investment instrument that offers the full faith and credit of the U.S. government
The program is a zero-subsidy program and costs taxpayers nothing
Congress accomplishes their goals of providing funding and support for small businesses
Whether we are fulfilling our critical role as a provider of quality capital to America’s growing businesses, working shoulder-to-shoulder with clients to help them overcome challenges and capitalize on opportunities, or contributing to the communities in which we live and work, our impact has never been greater. With a commitment to economic development, job creation and the small business sector, Growth Corp is Illinois’ largest 504 loan provider and one of the top ten in the nation.
