If you already have a loan number and it is associated with your SSN, you may create a CAFS Borrower account as follows: (Commercial accounts are not allowed and any and all information needs to be obtained from the servicing center listed on your statement), for more information visit: https://caweb.sba.gov/
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.
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50% Lender 40% SBA 10% Borrower
Applications are reviewed at weekly Loan Advisory Committee meetings followed by final approval from SBA
BLP can partner up with any financial institution of your choice!
Yes, the down payment can also be in the form of:
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.
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.
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.
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.
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:
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.
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.
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.
BLP is committed to business growth and community development by providing alternative financing options for: