For Small Business

Whether you want to purchase or construct a commercial building, buy equipment or need working capital for your business Wakarusa Valley Development will help you find a solution.

Certified by the U.S. Small Business Administration, Wakarusa Valley Development partners with your lender of choice to meet your financing needs through two SBA loan programs.

SBA 504 Loan Program

The 504 Loan Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings and large equipment.

With this program, Wakarusa Valley Development works with your lender of choice to provide financing. Typically, your lender will provide a loan up to 50% of the total project cost, Wakarusa Valley Development will provide up to 40% and a contribution of at least 10% must come from you. Our portion offers a low, fixed-rate for up to 20 years. You benefit because the blended interest rate is less than conventional financing and you preserve working capital for future growth with the low down payment.

Learn more about the 504 Program.

SBA 7(a) Loan Program

A 7(a) Loan can be used for a variety of your small business needs. Loan proceeds can be used for working capital, equipment purchases, refinance of eligible existing debt and more. With a 7(a) Loan, Wakarusa Valley Development will work with the lender of your choice to prepare all documents and package the loan guaranty application. Once the application is approved, your lender will close, disperse and service the loan.

Find out more.

504 Interest Rates

20 Year Rates

September 3.36%
August 3.53%
July 3.91%

10 Year Rates

September 3.56%
July 3.94%
May 4.37%

* Interest rates may vary.

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