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 USThe Small Business Administration (SBA) 504 loan approval is faster than you might think, typically adding just a week to your closing timeline compared to traditional bank financing. If you’re in a hurry to close a deal, don’t overlook SBA 504 as an option.
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Business Lending Partners (BLP) streamlines the process with upfront eligibility screening and manages the SBA’s simultaneous underwriting alongside conventional financing. Key steps, like appraisals and environmental reviews, are handled on your behalf.
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Once all documents are gathered, BLP submits your loan application to the SBA, which usually takes 5-7 days for approval. After escrow closes, the loan is finalized, with the entire process typically taking about 60 days. BLP’s expert guidance makes securing an SBA 504 loan both quick and straightforward.
WHY SBA 504?
The SBA 504 program enables you to serve your current clients while also obtaining new prospects. Through this program, you can enhance your commercial financial portfolio, positioning your institution as an innovative and strategic partner for your clients.
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WHY BLP?
BLP is a Certified Development Company (CDC) serving all of Wisconsin. As a financial partner, clients know they’re not just another number. Our partners benefit from having one contact – start to finish. Reduce risk, lend more, grow your portfolio!