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.
CONTACT USIf 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.
Calculate My Future Loan
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.
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.
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, where legal lending limits may be constraining.
Banks can potentially obtain CRA credits by participating in one of our lending programs.
We structure, evaluate, process and service SBA loans which cannot be done conventionally.
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.
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.
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.
The long-term, competitive interest rate results in savings over the life of the loan.
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:
Experienced Marketing Specialist primarily focusing on Digital Strategy and Event Coordination. Jeremy holds a B.S. in Communication Technologies from the University of Wisconsin-Platteville.
Yoav brings to BLP a proven record of leading and integrating marketing solutions for financial products and services. Yoav holds B.S. from the University of Minnesota and an M.S. from Denver Univerity.
Raquel spent the last several years developing her analytical, leadership and sales skills at ZMac Transportation Solutions.
Prior, she worked as a development specialist at Educators Credit Union. Raquel attended both Wisconsin Lutheran College and Gateway Technical College.
Credit Analyst with a degree in Finance from the University of Wisconsin – Parkside.
Sarah is a University of Wisconsin – Whitewater alumni who has worked at Associated Bank, Summit Credit Union, UW Credit Union, Fairway Independent Mortgage Corporation, and most recently, Community First Credit Union.
Andrea is our Portfolio Service Specialist and holds a Bachelor of Science Degree in Business Management from Full Sail University. She has worked in various business environments where her professional background comes mostly from the financial industry; focusing on retail sales and customer service.
Andrea supports all aspects of BLP’s mission. Among may other responsibilities, she manages the Matching Grant Program, assists with the maintenance of the BLP Loan Portfolio, and collects data for compliance reports.
Patricia Grimm is BLP Portfolio Manager for SBA 504 loans. She opened our Green Bay office in 2018, shortly after joining BLP. She handles servicing actions for SBA 504 clients and handles annual reporting requirements. She believes remarkable customer service is something all our borrowers and lenders deserve.
Wesley Walsh’s aptitude for navigating the world of commercial lending is outstanding and his passion for helping small businesses is second to none. Walsh graduated with Magna Cum Laude honors from UW-Eau Claire and previously worked as an intern at Associated Bank in Green Bay and as a business development officer at Tw-City National Bank in Milwaukee.
Jenny Trick is the Executive Director of the Racine County Economic Development Corporation (RCEDC), the parent organization of BLP, and has been with the organization for more than 28 years. Trick has worked in a variety of capacities with RCEDC and BLP including business finance, community development, workforce development, business retention and expansion, business recruitment and currently as the organization’s executive director.
Trick is a graduate of the University of Wisconsin-Parkside with a BA in Economics.