Business growth funding in Woodridge, Illinois

Small Business Growth Corporation, located at 3540 Seven Bridges Drive in Woodridge, Illinois, is a finance institution specializing in commercial real estate, equipment financing, and refinancing. The institution offers the 504 Loan Program, which provides small business owners with financing for the purchase, construction, and renovation of commercial real estate, as well as the purchase of long-term machinery and equipment. Borrowers can receive financing for up to 90% of the project cost at a low fixed interest rate, locked in for 20- or 25-years. The institution also offers the 504 Refinance Program for small business owners looking to refinance existing commercial mortgages. Small Business Growth Corporation is authorized by the U.S. Small Business Administration to administer the 504 Loan Program in Illinois, as well as parts of Missouri, Indiana, Iowa, and Kentucky. As the largest 504 Lender in Chicago and a top CDC in Illinois, the institution is a top ten lender nationwide. The 504 Loan Program was created specifically for growing businesses, offering a low fixed interest rate for 10-, 20- or 25-years, with a 90% advance on total project costs. Borrowers can partner with Growth Corp and a lending institution to access the program without the need for a large cash reserve or balloon payment.