The SBA 504 Loan is a valuable tool for any lending institution aimed at helping small businesses grow and create jobs. The advantages for both the institution and borrower are numerous.
Advantages of the 504 Program for Lending Institution
Your 50% LTV position from the outset, and first position to collect if things go wrong, reduce your risk and allow you to take a few more chances on growing businesses.
Utilizing the program may allow you to do deals in excess of your legal lending limit. Additionally, WBD is the only participant you can find that is not interested in stealing your customer relationship.
Unlike the SBA 7(a) program, your staff does not need to have any SBA training or experience. WBD handles all of the SBA forms and contacts for you and your client.
Win more deals with the super competitive, long term fixed rates the 504 program offers.
Advantages for your Borrowers (even vs. the SBA 7(a) Program)
Low Rates! Because we raise our money by a debenture sale our rates are about as good as you can find!
Long Terms! Up to 25 years
Fixed Rates! Our rates are not only low, but fixed for the life of the loan!
Less Money Down! Most often working with WBD will mean your customer will need only 10% down.
Way less fees than the 7(a) program for loans over about $300,000. The larger the loan the greater the savings.
The SBA 504 Refinance Program has been fully updated with new rules set out by the SBA, making it easier than ever for business owners to refinance their existings loans:
Key Points of the Refinance Program:
Supporting SBA 7(a) Lending
The WBD staff has hundreds of years of experience in commercial lending and working with the SBA. We’re here to help you and your customers, succeed.
WBD's Service Company is able to offer assistance and a variety of services directly to your institution to provide support for your SBA lending operations.
Support for your SBA efforts:
Join the nearly 100 Banks and Credit Unions that have an LSP Agreement with WBD, and let us:
Interested in having an on-call partner when it comes to your SBA lending needs and questions? Our Premier Service Members have access to:
From understanding the SBA 504 Program to helping you set up an SBA lending program at your bank, WBD staff conducts trainings for hundreds of lenders every year. Contact us for all of your SBA related training needs. We specialize in creating and delivering custom training and support materials to meet the needs of lenders across our service areas.
To learn more about the courses that WBD offers, check out our SBA Training Curriculum page.
For more information about WBD Lender Service options contact:
Senior Vice President and Senior Lender
920-966-1479 | Email: firstname.lastname@example.org