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Lender benefits

The SBA has streamlined the 504 loan application, approval and closing process. There is no excess or redundant paperwork. All the necessary forms and a loan check list can be downloaded here. Both the commercial loan and the SBA 504 loan use the same appraisal and environmental reports.

WIDC•Frontier loan officers are available to answer lender and borrow questions or to discuss project financing options.

Benefits For Commercial Lenders

With an SBA 504 Loan, commercial lenders have first lien position and typically a 50% loan-to-value ratio, minimizing collateral risk. Smaller lending institutions can participate in larger projects; larger lenders can limit exposure to a particular industry and/or borrower. Lenders can leverage lending capacity across more borrowers, diversify default risk and reduce loss in the event of default. Under most circumstances, the SBA can realize on its collateral only after the first mortgage lender is paid in full.

Banks that participate in SBA 504 loans may be eligible for Community Reinvestment Act (CRA) credit on certain projects.

SBA 504 loans are designed to finance growth companies. Business owners who are investing in a permanent facility, machinery, equipment or other capital assets are often entering into his/her largest business-related investment. An SBA 504 loan often becomes the basis of an entire banking relationship.

Contact us to schedule a free Lender Training seminar for your Commercial Lending Department. We will discuss the SBA 504 Loan Program, recent program changes, and the advantages to lenders and their small business customers.

 

Best Western Plus Frontier Inn • Cheyenne Wyoming

SBA 504 Financing • Bank of the West & WIDC Frontier

Down To Earth Dry Cleaners • Laramie Wyoming

SBA 504 Financing • First Interstate Bank & WIDC Frontier

Gateway Fuel • Laramie Wyoming

SBA 504 Financing • First Interstate Bank & WIDC Frontier

Hilltop Family Dental • Casper Wyoming

SBA 504 Financing • ANB Bank & WIDC Frontier

Jump Craze • Casper Wyoming

SBA 504 Financing • ANB Bank & WIDC Frontier

Kaiser Corporation Floor Covering & Ceramic Tile • Cheyenne Wyoming

SBA 504 Financing • First Interstate Bank & WIDC Frontier

Mer Tax Accounting & Consulting • Cheyenne Wyoming

SBA 504 Financing • Jonah Bank & WIDC Frontier

Ramada Plaza • Casper Wyoming

SBA 504 Financing • Avana Capital & WIDC Frontier

Reese & Ray’s IGA • Thermopolis Wyoming

SBA 504 Financing • Pinnacle Bank of Worland & WIDC Frontier

Wyoming Bearing & Supply • Cheyenne Wyoming

SBA 504 Financing • Tri-County Bank & WIDC Frontier

Contact

WIDC•Frontier CDC
232 East 2nd Street, Suite 300
Casper, WY 82601
307-234-5351
1-800-934-5351

Contact

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