SBA Loans

The U.S. Small Business Administration (SBA) was established to help businesses secure financing. SBA programs reduce risk for lenders and enables easier access to capital. There are two primary SBA financing programs offered; the SBA 504 program which offers attractive real estate and equipment financing; and the SBA loan guarantee program which offers a more flexible use of funds. These are great complementary programs that are often used together to fully meet business financing needs. 

Typical financing structure of the SBA 504 program

Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan. Contact BLP today to discuss your project.

    Why SBA 504 Loans?

    Lenders' Benefits

    Borrowers' Benefits

    1. No Application Fee
    2. Pre-Qualification
    3. BLP Application
    4. BLP Approval
    5. SBA Approval
    6. SBA Authorization
    3-4 Weeks From Full Application

    1. No Application Fee

    Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan.

    2. Pre-Qualification

    Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan. Contact BLP today to discuss your project.

    3. BLP Application

    A BLP representative will work with the small business and the participating lender to collect all required documentation.

    4. BLP Approval

    BLP will structure the loan within SBA’s guidelines and perform analysis on the creditworthiness of the company.

    Loan Approval recommendations will be made by BLP’s Loan Advisory Committee and Board which meet weekly.

    5. SBA Approval

    The loan application will then be submitted electronically by BLP to SBA once all remaining documentation is collected, signed, and dated by the loan applicant. This process typically occurs the same day Executive Committee approval is received.

    6. SBA Authorization

    SBA will issue its Loan Authorization upon approval which outlines the terms and conditions of the SBA financing.

    3-4 Weeks From Full Application

    One of BLP’s loan officers will work with the small business and the participating lender to collect all required documentation that should include: a business plan, resume, financial statements, debt schedules, financial projections, tax returns, and other funding commitments.

    Recent Business Lending Partners News

    SBA 504 Rates October 2021

    The Business Growth Solutions Series is a 3-part video educational experience designed for small business owners, commercial lenders, real estate professionals and anyone in a position to help Wisconsin businesses grow.

    The Racine County Economic Development Corporation (RCEDC) is pleased to welcome two
    new professionals to its lending staff, Dillon Voltz and Akayna Morrison.

    With infrastructure improvements completed and development plans in place, the Village of Waterford and a few of its local businesses are utilizing RCEDC resources to spur recent development activity.

    Linda and Eli Bracha, owners of Wis-Tek, CPT and Green Tek, saw the U.S. Small Business Administration's 504 program as an opportunity to purchase equipment, renovate their current Janesville facility and expand to an additional location, near Clinton.

    Join BLP at the 31st Annual Wisconsin Lenders Conference on May 20th and 21st.

    April 2021 SBA 504 Rates

    Racine County, in partnership with the Racine County Economic Development Corporation (RCEDC), has received a $500,000 grant from the Wisconsin Department of Administration (DOA) to help local small businesses impacted by the COVID-19 pandemic.

    RCEDC’s most recent Zero Loan Program recipients, Terri and Michael Bannon, owners of Razor Sharp Fitness, used the funds to purchase new fitness equipment, which they anticipate will increase memberships and alleviate the effects from the pandemic.

    This event will highlight available financial programs for City of Racine business owners.

    January 2021 SBA 504 Rates

    business growth solutions A SERIES DEVELOPED TO HELP SMALL BUSINESSES GROW The Business Growth Solutions Series is a 3-part video educational experience designed for small business owners, commercial lenders, real estate professionals and anyone in a position to help Wisconsin businesses…

    INVEST IN RCEDC

    RCEDC’s mission is to grow Racine County’s property tax base and by supporting business expansions, provide employment opportunities to Racine County residents. Over the last three years the RCEDC staff assisted 72 projects that, when completed, will result in 1,000’s of new full time jobs, and will substantially boost local property tax revenues. Your investment allows RCEDC staff to continue these positive efforts.

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