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sba 504 debt refinance

Debt Refinancing with the 504 Loan Program

January 12, 2022
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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.

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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.
Racine Office262.898.7436wesley@blp504.org

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