RCEDC: Business Lending Partners increases SBA 504 projects 200%

WISCONSIN – The Small Business Administration (SBA) 504 Program is a powerful tool for businesses that want attractive financing for building purchases, new construction, refinancing, and equipment.

Because of the uncertainty the pandemic caused, an increased number of businesses sought out the SBA 504 program to enjoy the long-term fixed interest rates. As a result, Business Lending Partners (BLP), the financing specialty area at the Racine County Economic Development Corporation (RCEDC), saw an influx of SBA 504 loans approved in 2020.

“I truly believe in the SBA 504 product,” said Robert Pieroni, VP of Commercial Banking at Community State Bank.

“The expedited process, the long-term, low interest rates, and the BLP team that works hard to get these loans approved – all these factors create an unparalleled financial solution for expanding Wisconsin businesses.”