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

  • Reduced risk
  • Increase small business lending
  • Obtain CRA credits
  • Expand offerings

Borrowers' Benefits

  • Lower down payment
  • Fixed rate
  • Long term
  • Low interest rates
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

In this edition of the Quarterly BLP Update, you will learn more about the SBA 504 Program, hear from businesses and banking partners who benefited from our programs, and discover the community loans and grant relief programs we’ve been administering to local businesses.

https://vimeo.com/422823310 Community State Bank Senior Vice President, Steve Donovan and Market President, Nick Borth interview President of ATW Miller Group LLC, Todd Miller and Business Finance Manager of Business Lending Partners, Carolyn Engel to discuss SBA lending options for your…

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April 2020 SBA 504 Rates

The purpose of this program is to assist Union Grove businesses negatively impacted by COVID-19 and support business retention until the economy stabilizes.

The purpose of this program is to assist businesses negatively impacted by COVID 19 and support business retention until the economy stabilizes. Businesses must demonstrate they do not qualify for existing State or Federal programs; are in immediate need of funding until those programs become available; or that they are unable to obtain financing at reasonable rates and terms.

Business Lending Partners has compiled a valuable list of financial resources for those Wisconsin businesses affected by COVID-19.

March 2020 SBA 504 Rates

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