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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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Prepayment Penalty Vanishes – SBA 504 - BLP - Business Lending Partners
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SBA 504 Prepayment Penalty vanishes over time

SBA 504 prepayment penalty vanishes after 10 years for 20 and 25-year debentures. Additionally, it disappears after 5 years for 10-year debentures

The prepayment penalty also reduces each year. As time progresses, the obstacles to refinancing become less significant. In the event interest rates decline, borrowers can refinance the 504 note either through conventional means or by opting for a new 504 note at a more favorable rate.

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.

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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.

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