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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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Leveraging SBA 504 Refinance for Depository Relationships - BLP - Business Lending Partners
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Leveraging SBA 504 Refinance for Depository Relationships

If you’re searching for deposits, the U.S. Small Business Administration (SBA) 504 refinance program is a powerful prospecting tool that can help you get your foot in the door with new clients.

Stand Out From the Competition

By leveraging the SBA 504 refinance program, you can offer a competitive structure that provides significant benefits to businesses. This program allows you to:

• Provide Cash Out – Access additional funds for your client’s business needs.

• Consolidate Existing Loans – Simplify your client’s financial management by merging multiple loans into one.
• Recast Amortization – Adjust the loan repayment schedule to better suit your client’s cash flow.
• Reduce the Blended Interest Rate – Lower the overall interest rate, saving your client money.

Benefits for Businesses

For businesses, these benefits translate into lower payments and additional working capital. The program’s new requirement, which states that only 75% (down from 85%) of a loan’s original proceeds must have been used to purchase real estate and/or equipment to qualify, means more businesses are now eligible to refinance their existing loans into an SBA 504 structure.

Build Lasting Relationships

By offering these beneficial refinancing options, you provide immense value to your clients. This not only supports their business growth but also lays the foundation for building strong depository relationships.

 

Unlock the potential of SBA 504 refinancing and start building lasting relationships today.

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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.

 

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!

Did you Know?

CONTACT US FOR YOUR BUSINESS LENDING NEEDS

Wesley Walsh
Wesley Walsh
Loan Officer
Wesley Walsh's aptitude for navigating the world of commercial lending is outstanding and his passion for helping small businesses is second to none. Walsh graduated with Magna Cum Laude honors from UW-Eau Claire and previously worked at Associated Bank in Green Bay and as a business development officer at Tri City National Bank in Milwaukee.
Racine Office262.898.7436Wesley@blp504.org

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