SBA 504 Refinance Program

Many small business owners are unaware of the current SBA 504 refinance program but it allows SBA 7a loans to be refinanced as a SBA 504.

This refinance program gives the borrowers benefits such as;

- Release of secondary collateral. This removes secondary collateral that was pledged on the original loan such as their primary residence.

- Lower monthly payments. This helps reduce the monthly payment and increase cash flow for the business.

- Fixed rates. The SBA 504 mortgage will fix its rate so that even if the prime rate changes, the SBA 504 rate will not.

- Lower interest rates. The interest rates on SBA 504 mortgages tend to be lower than SBA 7a rates.

Team members at Blue Water Capital Advisors have significant knowledge of SBA’s policies and are always up-to-date with any changes. If you have questions regarding any SBA eligibility topics, feel free to reach out to us. Don’t forget to subscribe to our newsletter!