Recent Success Story


Larkman Contruction

Racine Heat Treat Employees

Larkman Construction, a utility excavating company from the Milwaukee area, has purchased two sites in the Town of Raymond in order to relocate to Racine County. Founded in 1989 by Ray Knapp and now owned by his daughter, Stacy Potter, the business does contract work with AT&T, various other utility services, as well as residential work. BLP has partnered with Commerce State Bank to provide 90% of the funding for the purchases through the Economic Development Administration Revolving Loan Fund (EDA RLF).

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BLP is proud to announce its participation in the VetLoan Advantage program. BLP offers the largest savings on the SBA 504 program than any other SBA 504 processor in the State of Wisconsin for loans to veteran-owned businesses. BLP is offering these savings to assist in NADCO and SBA's efforts to help Veterans by providing discounts on the SBA 504 program to firms that are at least 51% owned by military veterans.


About the SBA 504 Program

The U.S. Small Business Administration (SBA)504 Loan Program provides long-term, fixed rate direct loans for real estate and equipment needs. The SBA was established in 1980 to provide small businesses with an alternative, beneficial financing options to help businesses grow and create jobs for their communities.

The SBA utilizes Certified Development Company's (CDC's) to process and administer the loan program on its behalf. Business Lending Partners (BLP) has been certified by SBA since 1985 to provide 504 loans throughout the State of Wisconsin and is the only CDC headquartered in Southeast Wisconsin.

In addition to the SBA 504 program, BLP administers a variety of community loan programs throughout Racine and Waukesha counties. BLP staff has expertise with many other county, state, and federal resources. We work closely with small businesses and lenders to provide knowledgeable information on the various products available to finance business growth.


 

SBA 504

July 2018

25-Year Fixed Rate:

5.32%

20-Year Fixed Rate:

5.259%

10-Year Fixed Rate:

5.302%

 

Benefits, Eligibility and Application Process for SBA 504 Program

              Click here to determine                                 Click here to determine
             if your customer qualifies
                           if your business qualifies