To initiate a 504-loan application, it is best to first call your local WBD office. The loan officer will review the project and suggest a general funding structure. The basic application materials are no different than what a bank typically requires:

All SBA forms can be obtained through the SBA Web Site at www.sba.gov/library/forms.html.

The loan officer will review the material, assess the eligibility and credit quality and prepare an analysis for submission to WBD's loan committee. Upon approval by WBD, the local office will prepare the 504 application forms and once the SBA application is complete, the application will be submitted to the SBA for review and approval.