Business Details
45 Years
experience
Trusted SBA 504 Loan Financing Solutions
SPED has been a trusted partner for small businesses since 1981, specializing in SBA 504 loan programs to drive job creation and economic growth. Our mission focuses on providing innovative financing solutions across Minnesota and nine western Wisconsin counties, including Barron, La Crosse, and St. Croix. As a certified development company, we combine decades of expertise with personalized service to support business expansion through fixed-rate loans for land, buildings, and equipment. Our team maintains a reputation for integrity and excellence, consistently ranking among Minnesota's top institutions utilizing SBA programs.We prioritize strategic partnerships, financial sustainability, and community impact through philanthropy and volunteer initiatives. Our core values of integrity, teamwork, and exceptional customer service guide every interaction with borrowers, bankers, and partners. With over 28,000 jobs created or retained through our loans, we remain committed to fostering thriving communities through responsible economic development practices.
Services
SBA 504 Loans
Business Expansion Financing
Economic Development
Job Creation Support
Internal Loan Programs
Details
- Year established: 1981
Highlights and features
- Certified SBA development company since 1981
- Over 28,000 jobs created through SBA 504 loans
- Fixed-rate financing for long-term stability
- Specialized in Minnesota and western Wisconsin markets
- Personalized service from experienced loan professionals
Associations and certifications
- U.S. Small Business Administration (SBA)
Services
SBA 504 Loans
Our SBA 504 loan program provides fixed-rate financing for commercial real estate, equipment, and related soft costs. These long-term loans cover up to 40% of project costs through SBA-backed funding. Businesses benefit from predictable payments and support for expansion projects creating jobs in Minnesota and western Wisconsin.
Economic Development
We drive regional economic growth through strategic partnerships and sustainable development initiatives. Our programs focus on job creation, business retention, and infrastructure improvements across Minnesota and nine western Wisconsin counties. We work with local governments and organizations to create thriving business environments.
Job Creation Support
Our financing solutions directly support job creation through business expansion projects. We've helped retain and create over 28,000 jobs through SBA 504 loans since 1981. We work with businesses to structure financing that meets employment growth objectives while maintaining financial sustainability.
Internal Loan Programs
We offer specialized internal loan options to complement SBA programs. These flexible financing solutions provide additional options for small businesses and their bankers. Programs include short-term working capital and gap financing to support various business development needs.
Business Expansion
Our expansion financing helps businesses acquire new facilities, upgrade equipment, and increase production capacity. We provide tailored solutions for companies looking to grow operations in Minnesota and western Wisconsin. Our programs support both real estate purchases and equipment financing for sustainable business growth.
Questions
What is an SBA 504 loan?
An SBA 504 loan is a fixed-rate term loan for business expansion projects covering land, buildings, equipment, and related soft costs. The SBA guarantees up to 40% of the loan principal.
Which areas do you serve?
We serve all Minnesota counties and nine western Wisconsin counties including Barron, La Crosse, and St. Croix. Our service area covers both urban and rural communities across the region.
How long does the loan process take?
The SBA 504 loan process typically takes 60-90 days from application to closing, depending on project complexity and required documentation. We work closely with borrowers to maintain efficient timelines.
What loan terms are available?
We offer 10, 20, and 25-year terms for SBA 504 loans. Current rates range from 5.783% to 6.160% depending on loan term and market conditions.
Can I refinance existing debt?
Yes, our SBA 504 refinance program allows businesses to refinance eligible debt for commercial real estate and equipment. Refinance terms match our standard 10, 20, and 25-year options.
How do I apply for a loan?
Contact our loan officers to discuss your project details. We'll guide you through the application process, required documentation, and help determine the best financing solution for your business needs.
