OFFER YOUR CLIENTS A LONG-TERM, FIXED RATE SOLUTION!

Greetings! The Business Lending Partners staff wants to wish you a warm and happy holiday season. In 2022, and in the years to come, our goal is to facilitate business expansion projects using our loan and grant programs.  In 2022, our staff was pleased to partner with local lenders to assist more than 100 Wisconsin businesses (like those pictured above) that invested more than $270 million in their expansion projects. This kind of investment would not be possible without the resources provided through the SBA, US EDA, the trust of our lending partners, and the tenacity of our local business community. We want to remind everyone that in this uncertain market, our financial programs can provide stability heading into 2023. Thank you to everyone who trusted and supported BLP's mission. We look forward to working together in the future.

LATEST SBA 504 RATES

SBA 504 RATES | December 2022*  25-YR FIXED RATE: 6.11% 20-YR FIXED RATE: 6.04% 10-YR FIXED RATE: 6.27% 20-YR REFI FIXED RATE: 6.05% 12-MONTH RATE HISTORY *Disclaimer: Rates and fees above are for projects FUNDED only in December 2022. New applications are accepted anytime. Rates and fees will be determined at the time of funding.

FINANCIAL ASSISTANCE

SBA 504 LOAN PROGRAM The SBA 504 loan program was created to assist growing businesses by offering an attractive financing option for real estate and equipment needs. The typical structure of a 504 loan consists of 50% funding costs from a financial institution, 40% from the SBA, and 10% down payment. MORE ABOUT THE SBA 504

COMMUNITY LOAN PROGRAMS Community loan funds, often referred to as Revolving Loan Funds (RLFs), are available to Racine County's growing business community. These programs offer a reduced cash equity requirement, reduced interest rates, and flexible loan terms. MORE ABOUT COMMUNITY LOANS

MATCHING GRANT PROGRAM (MGP) The Matching Grant Program (MGP) reimburses up to 50% of eligible costs or up to $5,000 per applicant. The program is meant to be used for consulting, training and marketing. MORE ABOUT THE MGP

ABOUT BLP

Since 1985, Business Lending Partners (BLP) has administered nearly $600 million to 500+ businesses throughout the entire state of Wisconsin. BLP is the only Certified Development Company (CDC) headquartered in Southeast Wisconsin, with an additional location in Green Bay. Contact one of our expert staff members and see how you, your business, or your client's business can benefit from the financial opportunities we provide.

THANK YOU RCEDC CONTRIBUTORS

GOLD LEVEL CONTRIBUTORS FINANCE/LENDING

The tax-deductible support of RCEDC contributors - like the ones listed above - helps ensure that RCEDC staff and organizational partners provide high-quality business expansion, relocation, finance and talent recruitment services at a lower cost to the businesses we support. A corporate-level contribution includes the following benefits: Listing in the RCEDC Annual Report Listing on RCEDC Investor Listing page Access to project results and special event opportunities Investments are tax-deductible Contact Executive Director, Jenny Trick, for more information.

Business Lending Partners | BLP504.ORG

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