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Growth Corp SBA 504 Financing.

Growth Corp is an SBA Certified Development Company providing 504 fixed-rate financing for commercial real estate and major equipment throughout Illinois.

Offered byGrowth Corpverified 2026-07-10

Overview

What it does.

A typical project combines a bank first mortgage, a Growth Corp 504 loan, and borrower equity. The product is designed for long-life fixed assets, not ordinary operating cash, and Growth Corp has a Southern Illinois lending contact.

Best for: A Chester small business buying, constructing, or renovating an owner-occupied facility or acquiring major equipment.

Eligibility

Who and what may qualify.

Eligible applicants

  • Qualifying for-profit small businesses in Illinois seeking owner-occupied fixed assets

Applicants excluded by the source

  • Projects that do not meet SBA small-business, occupancy, use, or credit requirements

Eligible uses

  • Owner-occupied commercial real estate purchase
  • Construction
  • Renovation
  • Long-life machinery and equipment
  • Eligible refinancing

Uses excluded by the source

  • Working capital as the primary 504 use
  • Investment real estate that does not meet occupancy requirements

Application

How to start.

  1. Contact Growth Corp's Central and Southern Illinois loan officer and a participating bank.
  2. Confirm SBA size, occupancy, project-use, credit, and equity requirements.
  3. Prepare business and owner financial records, tax returns, project documents, quotes, and lender information.

Timing: Applications are rolling, subject to current SBA and lender requirements.

Planning notes

Limits to account for.

  • The property generally must satisfy owner-occupancy rules.
  • Startup or special-purpose properties generally require more equity.
  • The bank and SBA portions have separate approvals and costs.

May be coordinated with eligible incentives or subordinate resources after lender and SBA review.

Evidence

Official sources.