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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.

Current Borrowers FAQs - BLP - Business Lending Partners
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Current Borrowers

Frequently Asked Questions

BLP is a private non-profit that is licensed as a Certified Development Company (CDC) which allows us to market, approve, close, and service SBA 504 loans in the State of Wisconsin. More About Us

Category: General

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
  • Businesses incorporated as “for-profit”. Nonprofits are not eligible.
  • Businesses operating within a “non-passive” business model. This includes the vast majority of businesses. Notable exceptions include investment real estate, gambling, foreign-owned, and marijuana-related businesses.
  • Businesses must be considered “small” by SBA standards. Generally this requires that the business and its affiliated companies have a net worth of less than $15 million and average net income less than $5 million. 
  • Startups
Category: SBA 504

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

Category: SBA 504

The 504 Loan Program is a U.S. Small Business Administration (SBA) funded program that provides financing to small and mid-sized businesses for the purchase of equipment and commercial real estate. The SBA loan is administered by a Certified Development Company (CDC) such as BLP in partnership with a commercial bank or credit union lender. Learn More

Category: SBA 504

The rate on the 504 loan is set upon funding of the SBA loan following the completion of the project. Click here to see Historical Rates

Category: SBA 504

Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan. Start with our assessment form today to start the qualification process.

Categories: Community Loans, 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
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

When your loans close and your SBA 504 loan is funded, you’ll incur various fees totaling approximately 2-3% of the SBA loan amount, plus an attorney closing fee of $2,500. These fees are financed within the SBA loan proceeds, so they are not out-of-pocket expenses. BLP will collect a deposit for a portion of these fees only after approval is received from SBA. There are no application fees.

Category: SBA 504

SBA will take a subordinate collateral position behind the primary lender. Generally, collateral will include only the assets being purchased with SBA loan funds. The 504 program does not require additional collateral as required within the 7(a) program such as personal assets of owners.

Category: SBA 504

Projects must be centered around owner-occupied commercial real estate and/or fixed equipment. This can include ground-up construction and renovations.

Category: SBA 504

Compared to conventional commercial financing, the SBA 504 program helps borrowers reduce their down payment and fix the interest rate on a portion of the financing for up to 25 years at a rate that is typically below-market. For lenders, risk is reduced as the primary lender will typically lend 50% of the cost while SBA bears most of the collateral risk with a subordinate lien position. More Benefits

Category: SBA 504

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

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

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

Our Servicing staff is here to help and answer all your question, contact Servicing for assistance.

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:

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, 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.

Yes! For existing commercial real estate properties, the borrowing company must occupy at least 51% of the leasable area and the remainder can be leased to third parties. For new construction buildings, the borrowing company must occupy 60% of the leasable area immediately with plans to occupy 80% over time.

Category: SBA 504

Yes! Generally, the SBA 504 program can be used to refinance debts that were originally incurred primarily to fund purchases of owner-occupied commercial real estate and/or fixed equipment.

Category: SBA 504

Yes, however, there are two conditions to consider:

  1. The loan may only be prepaid in its entirety. Partial prepayments are not permitted.
  2. An annually declining prepayment penalty applies during the first 10 years of the loan.
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.
Categories: Community Loans, SBA 504

Generally, the 504 program will make sense for projects with a total cost of greater than $400,000. All borrowers are eligible for up to $5 million in aggregate SBA financing through the SBA 504 & 7(a) programs. Projects involving small manufacturing firms and green-energy generation are eligible for up to $5.5 million on each project.

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

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, where legal lending limits may be constraining.

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.

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: