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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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SBA 504 LOANS QUALIFY FOR CRA CREDIT - BLP - Business Lending Partners
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SBA 504 LOANS QUALIFY FOR CRA CREDIT

Did you know that interim and permanent 504 loans are automatically eligible for CRA credit?

 

Effective April 1, 2024, loans through the Small Business Administration (SBA) 504 Loan Program automatically qualify for Community Reinvestment Act (CRA) credit, aligning with recent amendments to CRA regulations by the Federal Reserve, FDIC, and OCC.

Check out our “Did You Know” video on CRA Credit, part of our new SBA 504 Loan Program video series, to learn more.

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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!

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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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