2.688% and Refi 2.689% 504 - 20 Year Fixed Rate, May 2020
2.761% and Refi 2.763% 504 - 25 Year Fixed Rate, May 2020
2.654% 504 - 10 Year Fixed Rate, May 2020



504 Loans – Financing to help small businesses succeed!


An SBA 504 loan is a special product that can only be offered by a Certified Development Company (CDC) in partnership with a local lender. WBD is one of the most successful CDC’s in the country and has partnered with hundreds of local lenders to help thousands of small businesses since 1981.


The 504 loan is designed to help small businesses grow and create jobs by financing fixed assets like real estate and equipment. Qualified borrowers can look forward to long terms (25 years for real estate, 10 years for equipment); low, fixed rates (see top of page for current rate) and lower down payments (10%). This program is best suited for projects from about $250,000 - $10,000,000.


One of the greatest advantages of this 504 program is that it helps get financing deals done that conventional lenders are hesitant to tackle alone. In addition to the favorable terms for the borrower, partnering with WBD also reduces risk for the lender as well.


If all of this sounds good, take three minutes to view the “What is a 504?” video (below) to learn more about how this powerful program works.



Yes, the SBA 504 program is a government program, but WBD is here to handle all of the interactions with the SBA on your behalf. With 8 regional loan officers serving all of Wisconsin,14 counties in the twin city metro area of Minnesota and 6 counties in the upper peninsula of Michigan, we are local and able to work with you and the lender of your choice. Your savings as a borrower can be substantial, even compared to other SBA programs like the 7(a) loan.




Smart business is knowing all of your options, so take the time to learn about the 504 program when it is time to seek financing for your business.


Ask your local lender about the 504 program or contact WBD directly. You can also view a list of experienced 504 lenders in your area.


And remember that neither you nor your lender need to be familiar with the SBA to take advantage of the 504 program. At WBD we speak SBA – so you don’t have to!


Download WBD 504 Loan Summary PDF

Ready to talk to us?

Use the map below to find out who your closest loan officer is.


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WBD Loan Officers


Mike Dieckman

(715) 598-9956

Eau Claire, WI

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Nick Drewsen

(608) 316-7134

Madison, WI

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Steve Kohl

(262) 436-3012

Waukesha, WI

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Kyle Kuntz

(715) 575-5805

Stevens Point, WI

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April Nelson

(715) 381-6719

Stillwater, MN

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Daniel Timm

(608) 316-7132

Hillsboro, Wisconsin

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Matthew Wilcox

(920) 966-1490

Oshkosh, WI

Send Email to Matthew