Refinancing Options

The Small Business Administration (SBA) offers the SBA 504 Refinance Program, which allows eligible small businesses to refinance existing commercial real estate debt. This loan program provides long-term, fixed-rate financing and can be used to refinance existing mortgages or other debt secured by commercial properties.

This type of loan is used to refinance an existing commercial mortgage loan. It allows borrowers to obtain a new loan with better terms, such as a lower interest rate or extended repayment period. Commercial mortgage refinance loans can help businesses reduce their monthly mortgage payments, free up cash flow, or take advantage of improved market conditions.

This type of loan allows commercial property owners to refinance their existing mortgage loan while also borrowing additional funds beyond the amount needed to pay off the original loan. The extra funds can be used for various purposes, such as business expansion, property improvements, debt consolidation, or working capital. Cash-out refinance loans can provide businesses with access to capital based on the equity in their property.

This type of commercial refinancing loan is specifically designed to help businesses refinance their existing loans used to purchase or lease equipment. Equipment refinancing loans allow businesses to replace their current equipment financing with a new loan that offers better terms, such as lower interest rates, extended repayment periods, or improved cash flow management.