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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.
CONTACT USIf you’re considering a Small Business Administration (SBA) loan for your next project, here’s something you need to know: SBA 7(a) loan fees have increased—potentially adding significant costs to your financing. But there’s a better option.
Why the SBA 504 Loan Stands Out
While SBA 7(a) fees have increased, SBA 504 fees have not changed. Historical charge-off rates in the 504 program are drastically lower than the 7(a) program, which allows for these lower costs.
With consistently lower charge-off rates, the SBA 504 loan offers reduced upfront costs, predictable monthly payments, and significant long-term savings—helping businesses secure financing with greater stability.
How Much Can You Save?
For businesses navigating rising SBA 7(a) fees, switching to an SBA 504 loan can offer significant savings. A cost comparison for a $1,000,000 project is shown to the right, highlighting the advantages of the 504 option.
Take Advantage of Lower Costs Today
If your project is affected by rising 7(a) fees, switching to a 504 loan through Business Lending Partners (BLP) could mean substantial savings. Contact us today to explore your options and keep more money in your business!
Ready to explore SBA 504 financing? Contact Wesley Walsh for Southern Wisconsin or Brittany Helf for Northern Wisconsin today!