504 Capital Corporation

The SBA’s 504 Debt Refinancing Program is a boon for any small business owners who need to lower their monthly debt payments and access the equity in their real estate holdings. Under this program, available through 504 Capital Corporation, an SBA 504 loan provider in Virginia , North Carolina , and Maryland , you can apply for below-market, fixed interest rate refinancing with repayment terms up to 25 years for up to 90% of the appraised value of commercial real estate property. Recently, revisions to the program were published in the Federal Register as an Interim Final Rule. These updated regulations significantly expand the scope of 504 loan debt refinancing programs to help small businesses with both recovery and growth. 504 debt refinancing offers two authorized options. First, if the project involves the expansion of the small business, any amount of existing indebtedness that does not exceed 50% of the project cost of the expansion may be refinanced and added to the project&#