The U.S. Small Business Administration (SBA) 504 loan program was developed by Congress to assist growing businesses by offering an attractive financing option for real estate and equipment needs. The SBA administers the program with the objective of providing financing to projects that meet one of the following:
A variety of community loan funds often referred to Revolving Loan Funds (RLFs) are available to growing businesses with financing needs. Here at BLP we administer some of these RLFs throughout Racine County. These are direct loan programs that partner with a loan from the customer’s financial institution to create financing packages that offer reduced cash equity requirements from the business, reduced interest rates on the RLF loan, and flexible loan terms on the RLF loan.
BLP is committed to business growth and community development by providing alternative financing options for: