Were you aware that the SBA 504 program has two different refinance products- with (no cash out) and without (cash out) expansion? In both cases the debt being refinanced must have originally been used for an eligible SBA use, building or equipment purchase and the borrower can tap into the assets’ equity for the loans requiring an equity injection.

If you have a prospect that is interested in refinancing their fixed asset, give one of our Loan Officers a call to discuss how a 504 loan can assist them.