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CONTACT USLocation: Oregon, WI
Villa’s Family Daycare LLC is expanding after 13 years as an in-home childcare provider, growing into an 11,000-square-foot facility in Oregon, Wisconsin. This milestone was made possible through a partnership between Bank Five Nine and BLP, who secured SBA 504 financing for the purchase of real estate and equipment. Owner Liliana Villa Parish plans to offer a bilingual childcare center with Spanish and English instruction in every classroom, creating a safe, nurturing space for children ages 6 weeks to 6 years.
The Small Business Administration (SBA) is broadening the definition of “small business” to include larger businesses. This means that even more businesses are eligible for SBA financing.
The adjustment reflects a 34.46% increase to accommodate inflation since the last interim size standard update in 2010. The Final Rule, consistent with the Proposed Rule from July 28, 2023, is adopted unchanged.
Additionally, the SBA will routinely evaluate inflation and economic indicators, making size standard adjustments as needed. The Alternative Size Standard for inflation will adhere to the established five-year schedule for reviewing monetary-based industry size standards.
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!