Loan Calculator
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The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

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Lenders / Business Owners / Real Estate Brokers

Lender's Benefits

Reduced Risk

SBA is a secondary lender, providing a direct loan in a subordinate lien position improving the bank's collateral position and reducing risk. While the SBA 7(a) Guarantee program is a a government restricted loan, the SBA 504 is not. BLP staff handles all of the government paperwork and servicing.

Increase Small Business Lending

The bank's exposure is reduced by partnering with SBA on the financing of a project. By mitigating their risk through these program, banks can provide more loans and offer opportunities to more businesses. Additionally, banks can provide more loans to the same business prior to hitting legal lending limits.

Obtain CRA Credit

Banks can potentially obtain CRA credits by participating in one of our lending programs.

Increase Portfolio Size

We structure, evaluate, process and service SBA loans which cannot be done conventionally.

Borrower's Benefits

Lower Down Payment

The borrower may provide a cash down payment as low as 10% of the total funding needs, allowing them to save their cash for other business needs.

Fixed Rate

The borrowers do not have the risk of an increase in the interest rate on the SBA loan making long-term planning for the business easier because borrowers know the amount of their mortgage payments for the next 20 years.

Long Term

SBA 504 loans are made for 10, 20 or 25 year terms. Longer terms result in lower monthly payments for the borrower without the concern of balloon payments due prior to the loan maturity.

Low Interest Rates

The long-term, competitive interest rate results in savings over the life of the loan.

Frequently Asked Questions

Our loan calculator is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.
Calculate My Future Loan

Category: SBA 504
A financial institution provides 50% of funding for project costs
SBA/BLP provides a direct loan for up to 40% of financing for project costs
Borrower provides a minimum of 10% equity towards project costs

 50% Lender  40% SBA   10% Borrower 

Category: SBA 504

Applications are reviewed at weekly Loan Advisory Committee meetings followed by final approval from SBA

Category: SBA 504

BLP can partner up with any financial institution of your choice!

Category: SBA 504

Yes, the down payment can also be in the form of:

  • Value of previously acquired land (which can include building(s), structures, and other site improvements that will be part of the project property). This value would need to be supported by an appraisal submitted with the loan application.
  • In some situations, the down payment can be borrowed.

Your financial institution may offer the possibility of prepayment on their portion of the financing. There are declining prepayment penalties that apply toSBA 504 loans.

Category: SBA 504

Yes, there are some state and community loan programs that our partners and we offer. We’ll recommend the program that is best suited to your needs.

Category: Community Loans

Yes, but on a limited basis. SBA currently allows for refinancing only under the following regulation:
Refinancing is done as part of an expansion project. For example, if a business is adding on to its facility of activities, some of the existing mortgages can be refinanced as part of that financing package.

Category: SBA 504

Typically job creation or retention is a need with one job needing to be created or retained for every $75,000 being borrowed from the SBA ($120,000 per job for small manufacturers); however, this requirement can be waived if another goal set forth by the SBA is met.

Category: SBA 504

Yes, newly established companies would need to provide a written business plan with financial
projections.” The financing structure also changes in that SBA requires an additional 5% cash equity injection from the borrower reducing SBA’s participation level in that project.

To be eligible for the SBA 504 program, each business must meet the following criteria:

  • Operate as a “for profit” business.
  • Be considered a “small business” under SBA’s size standards:
    • Under the 504 Program, the business qualifies as small if it does not have a tangible net worth more than $15 million and does not have an average net income more than $5 million after federal taxes for the preceding two years.
    • If these standards are exceeded, the business can still qualify for the program by meeting other SBA size standards based on either the number of employees or annual revenue, depending upon the industry. Loans made to the owner-occupied real estate. For a quick no cost eligibility screening, please contact a BLP staff member. Read more on Eligibility criteria.

Read more on Eligibility criteria.

Categories: General, SBA 504

Applying for an SBA 504 loan is comparable to applying for any business loan but with many more benefits. Begin by contacting one of our BLP staff members, and we will come to your place of business to further explain the program details. We provide a checklist of what is needed to simplify the process. We will work with your accountant and lender, and do all of the analysis, packaging, and communication with the SBA for you. Our goal is to simplify the process as much as possible for our borrowers.

Category: SBA 504

A Certified Development Company (CDC) is an entity that processes U.S. Small Business Administration (SBA) 504 loans in partnership with Bank, state and/or private money creating a financial assistance package for businesses with funding needs for real estate and equipment. The SBA takes a second lien on the property or equipment financed at a maximum participation level of 40% of the total funding needs. SBA certifies corporations to be CDC’s and authorizing them to process SBA 504 loans.

Categories: General, SBA 504

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How We Help Businesses

In order to finance and assist with the growth and development of businesses throughout the State of Wisconsin, BLP staff provides access to the SBA 504 loan program and other resources using our expertise, knowledge, and partnerships.

What we do

BLP is committed to business growth and community development by providing alternative financing options for:

  • Land and Building Purchases and/or Renovations
  • Building Construction
  • Machinery Equipment
  • Furniture Fixtures
  • Leasehold Improvements
  • Inventory
  • Working Capital
  • Environmental remediation
  • Limited Working Capital

Our Team

Carolyn Engel
Carolyn Engel Business Finance Manager
Thomas Van Gent
Thomas Van Gent Loan Officer
Karmin Garstecki
Karmin Garstecki Loan Officer
Patricia Grimm
Patricia Grimm Portfolio Manager
Natalie Jaskie
Natalie Jaskie Loan Closer
Andrea Safedis
Andrea Safedis Portfolio Servicing Specialist
Yoav Meiri
Yoav Meiri Marketing Director
Jeremy Williamson
Jeremy Williamson Digital Marketing & Events