SBA Section 504 Refinancing Program

Debt Refinancing under the 504 loan program is back!

Here are a few things you NEED TO KNOW about the debt refinance program.

• Commercial real estate loans must be in place for a minimum of two years and the borrower must be current on all loan payments for 12 months.

• The appraisal must be dated within the last 12 months of the application date.

• Financing up to 90% of the value is allowed and the authorization lasts six months.

• Cash-out can only be used for business operations expenses incurred within 18 months and cannot be more than 25% of the total loan project with a loan to value of 85%.

  • *Renovations cannot be included in the loan request, however repairs are eligible.

Need Help or Have Questions? Contact a local representative for more information or call us Toll Free at (800) 850-2504.