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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.

Small Business Owners - BLP - Business Lending Partners
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small business owners

Is SBA 504 right for me?

The 504 Loan Program is aimed at empowering entrepreneurs and small businesses, to facilitate the acquisition of resources such as real estate and equipment, enabling sustained growth and development.

By providing a stable and predictable financial foundation, the 504 Loan Program empowers businesses to make strategic investments in their infrastructure, ultimately contributing to job creation and economic vitality. 

Lower Down Payment

Borrowers may provide a cash down payment as low as 10% of the total funding needs, allowing them to save their cash for other business needs.

Guaranteed Fixed Rate

Borrowers do not have the risk of an increase in the interest rate on the SBA loan making long-term planning for the business easier because borrowers know the amount of their mortgage payments for the next 20 years.

Long Term

Loans are made for 10, 20 or 25 year terms. Longer terms result in lower monthly payments for the borrower without the concern of balloon payments due prior to the loan maturity.

Low Interest Rates

Government guarantee allows us to provide funding with lower interest rates.

Maximum Loan Amounts

Under the 504 Loan Program, businesses can secure a maximum loan amount of $5.5 million, providing essential financial support for fixed assets. Notably, for specific energy-related initiatives borrowers may obtain financing for up to three distinct projects, with the total not exceeding $16.5 million.

BLP and SBA 504 Loans

504 loans are available through Certified Development Companies (CDCs), SBA’s community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by SBA.

As a private non-profit organization, Business Lending Partners (BLP) is licensed by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC) to do SBA 504 lending. 

BLP Works in partnership with borrowers’ financial institutions throughout the state of Wisconsin. BLP acts as an administrator of the program and packages everything for SBA.

SBA Loans

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:

Racine County Loans

A variety of community loan funds, often referred to Revolving Loan Funds (RLFs), are available to growing businesses with financing needs. These are direct loan programs that partner with the customer’s financial institution to create financing packages that offer reduced cash equity requirements for the business, reduced interest rates and flexible loan terms on the RLF loan.