Originally aired Jan. 21, 2026.
For small and mid-sized businesses looking to grow in Central Illinois, Growth Corp is working behind the scenes to make long-term investment more accessible—and more predictable.
Growth Corp President Sara Vanhala shared how the nonprofit administers the SBA 504 loan program across Illinois. Designed to “level the playing field” for smaller businesses, the program partners with local banks to finance the purchase of commercial real estate, heavy equipment, or refinance existing commercial debt.
Unlike many conventional loans, the SBA 504 offers lower down payments—typically just 10 percent—along with fixed interest rates for up to 25 years. With rates currently below prime, the program provides something many business owners crave in today’s uncertain economy: stability. By locking in long-term financing, owners can better plan for hiring, inventory, and future growth.
Growth Corp doesn’t just provide access to capital. As a nonprofit, it reinvests excess funds into the local economy, including support for the Small Business Development Center, which offers free guidance and business planning services.
Vanhala says the bigger mission goes beyond financing. When a business buys property, it’s making a commitment to stay, hire locally, and invest in the community. “We’re better off when small and mid-sized businesses can access the capital that allows them to grow,” she said.
For Growth Corp, it’s not just about loans—it’s about helping businesses put down roots for the long haul.
Growth Corp is based in Springfield and Chicago. Sara is based at the Springfield office.
Transcript pending.
