SBA 504 Loan Refinancing

With the SBA 504 loan refinance program, you can refinance debt you previously incurred for commercial real estate and fixed asset projects. Offered at below-market rates, this program also allows you to cash out up to 20% of the value of the property for working capital needs.

Program Benefits

Below-market, fixed interest rates

Low owner equity requirements

Long-term repayment schedules

Option to convert equity to working capital

Watch a video presentation explaining more about the SBA 504 Refinance Program.

Eligibility Requirements

To determine if you qualify for refinancing through the SBA, these 6 requirements must be met:

​The commercial mortgage/deed of trust debt to be refinanced must be at least two years old.

The loan (or loans—can be more than one eligible loan) being refinanced must not have any late payments in the previous 12 months and evidence of such must be presented.

The subject property must be a minimum 51% owner occupied and meet all other eligibility requirements of the SBA 504 program.

For refinance-only projects, the maximum LTV is 90%.

Cash-out refinancing is permitted to cover most eligible business operating expenses.

Existing "government backed" loans, such as 504's, 7(a)'s or USDA loans, cannot be refinanced under this new program. Only conventionally financed commercial mortgages/deeds of trust are eligible.

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