Loan Calculator
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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.

CONTACT US
1-262-898-7436 info@BLP504.org  
Lenders & Brokers - BLP - Business Lending Partners
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lenders & brokers

Lenders

The SBA 504 loan program is a clear choice for lenders. BLP shares the loan’s financing to reduce lenders’ risk while offering low down payment and long-term, low fixed interest rates to borrowers.  The SBA 504 loan program puts financing within reach for borrowers that may not qualify for conventional loans.
 
As a premier CDC, BLP is authorized to qualify, process, close and service SBA 504 loans. With our experience and abilities, the process is easy to follow, reduces paperwork for lenders, and increases borrowing abilities. 

Benefits

  • Reduced collateral risk
  • High value-to-loan ratio
  • Expanded lending options
  • Avoid lending limit restrictions for large customers
  • Qualify more borrowers
  • Refinancing option of 7(A) loans
  • CRA credits
  • BLP prepares SBA paperwork
Fast assessment for your customers

Brokers

For many small business owners large down payments and refinancing risks make purchasing commercial real estate difficult. SBA 504 loans offer a low down payment with fixed, long-term interest rates that can help make real estate ownership a reality.
 
BLP and the SBA 504 loan program can help by removing barriers normally associated with traditional lending and therefore assist with business expansions, and opening additional locations or building new facilities.

Benefits

  • Lower down payment
  • Guaranteed fixed interest rates
  • Lower interest rates
  • Long-term loans
  • Eliminate traditional barriers
  • Up to 90% funding of project costs
  • BLP prepares SBA paperwork
Pre-qualify your clients
SBA 504 LOAN CALCULATOR

Recent Success Stories

SBA 504 Loan Structure

Typical financing structure of the SBA 504 program

  • 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
SBA 504 LOAN CALCULATOR
[wp_charts title="Loan Structure" type="pie" width= "80%" margin="5px 5px" data="50,40,10" colors="#657aba,#b4131b,#54595f"]

 50% Lender  40% SBA   10% Borrower 

*An additional 5% cash equity is required in each situation below reducing SBA/BLP’s financing portion:
  • New Business: Defined as Less than two years old
  • Single Purpose: The building being purchased or constructed is considered as not easily converted to other uses, i.e. gas station, hotel
CONTACT ONE OF OUR EXPERTS

SBA 504 Application Process

Step 1: Start with assessment form
Step1
18 – 48 hours
Step 2
2-3 weeks*
Step 3
2-3 weeks (concurrently with Step 2)
Step 4
5-7 days
Step 5
5-14 days
Step 6
30-60 days
Step 7
60 days

Eligibility Assessment

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.

Filing an application

A BLP representative will work with the small business and the participating lender to collect all required documentation.

*Timing depends on the readiness of the borrower, the complexity of the project, and can vary significantly

Due Diligence

An appraisal and environmental review are required by the SBA and partnering lender. They will be ordered on behalf of the business and will be submitted to the SBA for approval, along with your application package.

Approvals

Loan application will be submitted electronically by BLP to SBA once all remaining documentation is collected, signed, and dated by the loan applicant. The SBA generally takes 5-7 days to approve or decline an application once it is received.

Applications will undergo a background check by the SBA. In cases where the review identifies any irregularities, there could be delays.

Closing

SBA will issue its Loan Authorization upon approval which outlines the terms and conditions of the SBA financing. BLP and partnering lender will prepare the loan documents to send to escrow officer to schedule a time to sign the final document and close escrow.

Rates Lock

After the completed loan application receives SBA approval and escrow is closed, loan becomes part of the regular monthly debenture sale. When that is completed, you will be notified of your final below-market loan rate.

Start doing business

Loan payment schedule is sent approximately one week before first payment is due. Payments must be made on the first day of the month. Because no two loans are alike, BLP cannot guarantee financing timeline, but most of the time it takes approximately 60 days.