SBA 504

August 2017

20-Year Fixed Rate:

4.537%

10-Year Fixed Rate:

4.497%

Historical Rate Graph

 

YOUR WISCONSIN SBA 504 LENDER


BLP's Lender of the Year Recognition

BLP recognized the commercial loan officer that has worked with us on the greatest number of projects in 2016 - our Lender of the Year, Thomas Moore. Thomas Moore of Johnson Bank is comprehensive in his work with customers serving as an advocate on behalf of their best interests.  He is able to streamline the process for them working with BLP to finalize the project financing. Together with his understanding of the business plans for growth and his knowledge of the BLP resources available, he is a great asset in developing a creative financing solution to enhance his customer's projects.

 

Customer Highlight

Merz North America, Inc

Merz is committed to not only retaining jobs in Racine County, but also to create new opportunities," said Matthew Anderson, Vice President Technical Operations, Merz North America. "This significant investment was driven by our rapid growth and we are very thankful to Racine County and RCEDC for their continued support. We look forward to seeing how this project will help our business grow and succeed in the long-term."

 
Merz North America considered several options before deciding to consolidate its operations in Racine County, including outsourcing distribution activities and relocation of portions of its operations outside of Wisconsin. With the support of the Racine County forgivable loan, administered by Business Lending Partners, Merz North America, Inc. committed to a $3 million capital investment in Racine County, which will be used to facilitate consolidation into a 100,000 square-foot leased facility. This new site will be home to the company's particle manufacturing, packaging, professional services, and distribution operations. The project is expected to retain 165 existing jobs and create a minimum of 20 new jobs over the next three years.
 
 

Click HERE for more Business Highlights

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BLP is proud to announce its participation in the VetLoan Advantage program. BLP offers the largest savings on the SBA 504 program than any other SBA 504 processor in the State of Wisconsin for loans to veteran-owned businesses.  BLP is offering these savings to assist in NADCO and SBA's efforts to help Veterans by providing discounts on the SBA 504 program to firms that are at least 51% owned by military veterans.  

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About the SBA 504 Program

The U.S. Small Business Administration (SBA) 504 Loan Program provides long-term, fixed rate direct loans for real estate and equipment needs. The SBA was established in 1980 to provide small businesses with an alternative, beneficial financing options to help businesses grow and create jobs for their communities. 

The SBA utilizes Certified Development Company's (CDC's) to process and administer the loan program on its behalf.  Business Lending Partners (BLP) has been certified by SBA since 1985 to provide 504 loans throughout the State of Wisconsin and is the only CDC headquartered in Southeast Wisconsin.

In addition to the SBA 504 program, BLP administers a variety of community loan programs throughout Racine and Waukesha counties.  BLP staff has expertise with many other county, state, and federal resources.  We work closely with small businesses and lenders to provide knowledgeable information on the various products available to finance business growth.

 

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Benefits, Eligibility and Application Process for SBA 504 Program    

              Click here to determine                              Click here to determine
             if your customer qualifies
                           if your business qualifies