504 Capital Corporation

Anyone who’s ever purchased property knows that it’s one of the bigger investments you’ll probably make. To lighten the financial load, is it possible to refinance the loan you took out to pay for it? The answer is yes! The SBA 504 refinance program is a loan restructuring system that lets borrowers refinance existing debt at lower than market rates. This is accomplished by offering lower fixed rate solutions rather than the adjustable systems with higher rates common to traditional bank loans. This allows business owners to both save and have the necessary funds to grow their businesses. The SBA developed the refinancing program in support of its mission to spark growth in local communities. They realize that being able to consolidate and pay off existing debt at a lower fixed rate has a far-reaching impact, not just for the business owner but also for the local economy. The SBA 504 refinance loan program can be used in several ways, including refinancing owner-occupied commercial re

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&#