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  
BLP Big Leagues - BLP - Business Lending Partners
19320
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Welcome to the Big Leagues

BLP's Heavy Hitters

BLP is proud to recognize Wisconsin’s top lending partners for their exceptional commitment to helping small businesses secure the financing needed to grow, create jobs, and build stronger communities.
BLP’s Heavy Hitters are lenders who have collaborated with us on at least five SBA 504 projects. New members receive a personalized bobblehead figure and gain entry into the exclusive BLP Heavy Hitters circle.
 
If you’re a current lending partner approaching the five-loan milestone, reach out to a BLP loan officer to keep those 504 projects rolling. We are excited to welcome you to the Heavy Hitters circle!

Benefits

  • Custom Bobble Head Figure
  • Bragging rights
  • Expanded lending options
  • Avoid lending limit restrictions for large customers
  • Qualify more borrowers
  • Refinancing option of 7(A) loans
  • CRA credits

Robert Pieroni

robert pieroni

Ed Kinney

Ed Kinney

Josh Sopczak

Josh Sopczak

Lender of the Year

At each Annual Meeting, BLP recognizes up to two lenders, one from the SE Market and one from the NE Market. 

Process:

At each March Board meeting, BLP’s staff will nominate up to two lenders to the Board of Directors. The nomination is based on the prior year’s number of approved loans.

If there is a tie of two or more commercial lenders with the same number of approved loans, the commercial lender with the largest summation of loan dollar amounts is crowned the winner.

Benefits

  • Recognition at Annual Meeting
  • Lender of the Year title
  • Customized award
  • Expanded lending options
  • Qualify more borrowers

Barb Bakshis

Joe Lautenschlager

Robert Pieroni X2

robert pieroni

David La Duke

David La Duke

Frank Sterbin

Barry Fries

Josh Sopczak

Josh Sopczak

Thomas Moore

Thomas Moore

Joel Johnson

Dustin Van Peursem

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

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[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

SBA 504 Application Process

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.