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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.

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1-262-898-7436 info@BLP504.org  
Lenders & Brokers FAQs - BLP - Business Lending Partners
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Lenders & Brokers

Frequently Asked Questions

a

How do I access/setup my SBA borrower portal?

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: https://caweb.sba.gov/

Category: SBA 504
Tags: Business Owners, Current Borrowers
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a

Can space be leased to third party tenants?

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
Tags: Business Owners, Current Borrowers, Lenders and Brokers
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a

Can I refinance an existing loan into the 504 program?

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
Tags: Business Owners, Current Borrowers, Lenders and Brokers
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HAVE MORE QUESTIONS? WE ARE HERE TO HELP

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 programs, 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:

  • Land and Building Purchases and/or Renovations
  • Building Construction
  • Machinery Equipment