Loan Calculator
BLP Logo

The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

CONTACT US
10307
post-template-default,single,single-post,postid-10307,single-format-standard,mkd-core-2.0.2,mikado-core-2.0.2,ajax_fade,page_not_loaded,,onyx child-child-ver-1.0.0,onyx-ver-3.3, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,elementor-default,elementor-kit-8101,elementor-page elementor-page-10307
sba 504 debt refinance

Debt Refinancing in the 504 Loan Program

On July 29, 2021, the Small Business Administration issued an update to refinancing using the 504 Loan Program.

Previously, 504 debt refinance was only available for complete refinancing of buildings and equipment, or could be used on a limited basis as part of an expansion project. The amount of refinancing that can now be included with an expansion project has doubled. The new rules also allow for refinancing federally guaranteed loans that were used for an eligible project.

For example, businesses that used an SBA 7(a) loan to purchase equipment or real estate can now refinance that debt using the 504 program to enjoy a lower, fixed interest rate.

CONTACT US FOR YOUR BUSINESS LENDING NEEDS

Wesley Walsh
Wesley Walsh
Loan Officer
Wesley Walsh is the newest member of our lending team. Walsh's aptitude for navigating the world of commercial lending is outstanding and his passion for helping small businesses is second to none. Walsh graduated with Magna Cum Laude honors from UW-Eau Claire and previously worked as an intern at Associated Bank in Green Bay and as a business development officer at Tw-City National Bank in Milwaukee.

BE THE FIRST TO KNOW - FOLLOW BLP

FINANCIAL UPDATES DELIVERED RIGHT TO YOUR INBOX

No Comments

Post a Comment