WHY AN SBA LOAN?
The U.S. Small Business Administration established the 504 loan program to help businesses purchase or expand commerical real estate and acquire equipment while preserving working capital. Click for more
Wisconsin Business Development provides a variety of products and services for customers, lenders, and small business owners. The credit enhancement products and services in particular, allow lenders to serve worthy customers while preserving liquidity and reducing risk.
An SBA 504 loan offers benefits to both borrowers and lenders. The loan's subordinate financing structure reduces risk for lenders through lower loan-to-values and lower reserve requirements. For more detail on lender benefits, Click here.
The SBA 504 loan's low down payment and long-term, low fixed-interest rate puts financing within reach for businesses that may not qualitfy for conventional loans. For more detail on borrower benefits, Click here.
Another added benefit? WBD has been approved by the SBA under its Accredited Lender Program (ALP) and has designated authority for expedited processing, closing, and servicing of SBA 504 loans.