Yes, the down payment can also be in the form of:
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.
To be eligible for the SBA 504 program, each business must meet the following criteria:
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: