Loan Calculator
BLP Logo

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 US
1-262-898-7420 info@BLP504.org  
12237
post-template,post-template-elementor_header_footer,single,single-post,postid-12237,single-format-standard,mkd-core-2.0.2,mikado-core-2.0.2,ajax_fade,page_not_loaded,,onyx child-child-ver-1.0.0,onyx-ver-3.3, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,elementor-default,elementor-template-full-width,elementor-kit-8101,elementor-page elementor-page-12237

February 2023 SBA 504 Rates

Current interest rates for SBA 504 loans as of February, 2023

10-YR SBA 504 FIXED RATE

6.17%

10-year, standard SBA 504 project

20-YR SBA 504 FIXED RATE

5.99%

20-year, standard SBA 504 project

25-YR SBA 504 FIXED RATE

6.02%

25-year, standard SBA 504 project

sba logo

DID YOU KNOW...?

Previously, 504 debt refinance was only available for complete refinancing of buildings and equipment, or could be used on a limited basis as part of an expansion project. The amount of refinancing that can now be included with an expansion project has doubled. The new rules also allow for refinancing federally guaranteed loans that were used for an eligible project.


For example, businesses that used an SBA 7(a) loan to purchase equipment or real estate can now refinance that debt using the 504 program to enjoy a lower, fixed interest rate.

LEARN MORE

PATTON LAW OFFICE PURCHASES, RENOVATES RACINE BUILDING USING PRIVATELY FUNDED LOCAL LOAN PROGRAM

Business Lending Partners at work in your local community

City of Racine, WI — After renting offices and working from home for a year, Attorney David Patton, owner of Patton Law Office – a boutique law firm serving Racine and Kenosha Counties – purchased and renovated the building at 1636 Taylor Ave in Racine, Wis.

 

David and his wife, Tamara, worked with the Racine County Economic Development Corporation’s (RCEDC) finance team, Business Lending Partners (BLP) to access the capital needed for the purchase. Patton Law Office was such a young company; it did not qualify for most conventional commercial lending programs.

 

BLP’s Loan Officer, Wesley Walsh said the company fit the criteria for one of its local Racine County loan programs because of the elements of job creation and community benefit.

 

“Patton Law Office was a newer business that did not have the capital to pursue traditional bank financing,” said Walsh. “We were able to access dollars from a privately funded loan program to help the Pattons purchase a great building within the community they serve.”

READ MORE

BE THE FIRST TO KNOW - FOLLOW BLP

Linkedin Facebook Twitter

FINANCIAL UPDATES DELIVERED RIGHT TO YOUR INBOX