The 504 loan program can work in partnership with any bank or credit union and is often the best option for financing owner occupied real estate or equipment because:
1.) It usually lowers the required down payment to only 10%.
2.) It provides a great fixed long term rate that is not usually available at a bank.
3.) WBD is your (and your bank’s) SBA Sherpa. We guide you through the process, fill out all of the government forms, handle all of the interaction with the SBA and stick with you through the life of the loan as your advocate.
Since most businesses qualify for this program and WBD handles all of the scary “government” paperwork, neither you nor your bank should hesitate to look at the 504 option for your next business real estate or equipment purchase.
So give WBD a call or ask your local lender about the SBA 504 program, because knowing all of your options is smart business.
To learn more, including a 3 minute video that explains how we do all of this with No Tax Money, visit https://www.wbd.org/504-basics or call either of our local Loan Officers, Matt Wilcox, at (920) 966-1490, or Tyler Swenson at (920) 966-1487. Or ask your banker about the SBA 504 loan.
PS – The 504 loan program is currently waiving fees and the SBA may make the first 3 payments on your loan if approved before 9/30/21, making this great program an even better deal!