2.528% and Refi 2.530% 504 - 20 Year Fixed Rate, June 2020
2.602% and Refi 2.603% 504 - 25 Year Fixed Rate, June 2020
2.654% 504 - 10 Year Fixed Rate, May 2020

504 vs. 7(a) Fees & Loss Protection


When it comes to SBA lending there are no one size fits all solutions.  With a variety of special programs to address targeted industries and underserved populations, it is even more important to know all of your options.


The two largest SBA programs are the 7(a) program offered by many banks and the SBA 504 Program delivered through a Certified Development Company (WBD) in partnership with a local lender.


At WBD we are experts in both programs and can make sure you take advantage of the one that fits you best.


While there are many factors to consider, limiting fees for borrowers is a priority for WBD and as the chart below shows, for larger projects (above $275,000) the 504 program can save borrowers considerable fees.


It’s not that one loan type is always better; it’s just that you deserve to know all of your options.  If your local banker is talking to you about a 7(a) loan, make sure to ask them to compare fees and total costs to the 504 program too.  If they won’t, give us a call or visit with a banker who will give you all of your options.


For a list of lenders experienced with the 504 Program click here.


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