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

    Laura Million has been named RCEDC's Deputy Director and Thomas Van Gent has been named BLP's Senior Loan Officer.

    January 2021 SBA 504 Rates

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    November 2020 SBA 504 Rates

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