Interest Rates
(for projects approved in FY 2018)


10 Year


5.252%

20 Year


5.492%

25 Year


5.532%

Refi
25 Year
5.578%
20 Year
5.541%
 

FY 18 — WBD #1 in WI, #9 in US!

 
  Thank you to all of our third party lenders who helped us have another great year! We are proud to have gotten new approvals with 69 different lending institutions in the past year. These efforts helped keep WBD among the top CDC’s in the nation, ranking us #9 by number of loans and #10 by dollar volume. A special shout out to the 18 institutions who did 3 or more 504 loans with us in the past year!

Here are a few stats on the past year’s activities:
  • 144 504 loans approved for $110,603,000 (supporting projects totaling $248,856,750)
  • 22 new 25 year loans (about 1/3 of the loans since it became available in April)
  • 11 REFI loans for $11,159,000 – tied from the most REFI loans in the country
  • New loans were approved in 48 different counties (44 in WI and 4 in MN)
  • 127 loans were funded for $87 million

With interest rates rising and expected to continue for the next year the value of 25 year fixed rate financing for small businesses has never been more important. With a strong pipeline of new projects, rising interest rates and a little less liquidity in the market we are optimistic about another great year ahead.

If you have a customer that would benefit by fixing 40% of their debt at a 25 year fixed rate, currently near prime, give me a call and let me help you set them up for success.



 
     
  Training Opportunities Still Available!  
  At WBD, we have been helping businesses and lenders access SBA resources for over 35 years, and we have become one of the nation’s top SBA experts. So, when lenders asked us to develop local, affordable training opportunities, we expanded our Lender Services offerings, because it just makes sense given our commitment to being “Your Business Finance Resource.”

Here is what is on tap for the rest of 2018 – More to come next year! Click for more details and registration.

Fundamentals of SBA Express Lending
Tues. Oct 23 | Madison, WI
Register   Last Chance - Seating Limited!


Fundamentals of SBA 7(a) Lending
Tues. Dec 4 - Wed. Dec 5 | Waukesha, WI
Register




 
 

CRA Network Fall Meetings

 
  Don’t miss your opportunity to check out the fall meetings of the new CRA Network coming to a city near you. A project of the Wisconsin Economic Development Association (WEDA), sponsored by WBD, the CRA Network connects development organizations with community and economic development projects that may be eligible under the Community Reinvestment Act to potential funders. These projects will be focused in the following eligible areas: housing, workforce, community, economic, small business development and disaster recovery that help to revitalize and stabilize communities.

For financial institutions, the CRA Network creates a match making tool to help financial institutions collaborate locally and statewide on Community Reinvestment Act eligible opportunities and strategies. Each application will be assessed for potential eligibility under the CRA criteria prior to being presented at regional CRA Network meetings.

Meetings are Scheduled for:
  • Monday, October 29 – Wausau
  • Tuesday, October 30 – Green Bay
  • Thursday, November 1 – La Crosse
  • Friday, November 2 – Madison
  • Friday November 9 - Milwaukee

For registration and more information: www.weda.org/spotlight/cra-network-of-wisconsin/



 
 

SBA Looking for Nominations

 
  Do you know a small business or owner who deserves recognition? Nominations for SBA National Small Business Week awards are open! It is easier than ever to nominate your favorite small business. Check out the link below for more information! Nomination Due November 20th.

https://buff.ly/2D3uP3N

Questions? Contact Shirah Apple at Rachel.apple@sba.gov | 414-841-7013

 
 

A new monthly feature that will provide you with an idea of the kind of projects WBD is supporting with the 504 loan. Each month we will provide a description of the projects that funded the prior month. Here are some of the projects we funded in September.


Fabricated Metal Manufacturer
Refinance
 
 
Project Amount
$10,900,000
504 Amount
$4,118,696
County
Columbia
Jobs*
14
 
  Powersports Vehicle Sales & Service
Construction of an addition onto current facility
 
 
Project Amount
$467,000
504 Amount
$185,000
County
La Crosse
Jobs*
2
 
  Day Care Center
Construction of a new facility
 
 
Project Amount
$820,000
504 Amount
$328,000
County
Eau Claire
Jobs*
2
 
  See all projects funded in September >

* Jobs created or retained


 
 
WBD, Inc.
Direct: 608-819-0390
Toll Free: 800-536-6799
wbd@wbd.org
 
 
     
4618 South Biltmore Lane  |  Madison WI 53719
www.wbd.org | blog.wbd.org