ABOUT US 504 REFI 504 TRADITIONAL FINANCIAL CALCULATOR CLIENTS FORMS

Restrictions

The 504 Refinance product is now available – applications are being taken immediately.
The interest rate on the refinancing product is 4.4 basis points higher than the traditional 504 loan.

The 504 refinance product cannot be used for:

  • Refinancing an existing loan with a federal government guarantee (SBA, USDA)
  • The business must be at least 2 years old and had the same ownership for the last 2 years
  • The original debt that was incurred to be refinanced must be at least 2 years old
  • Refinancing an existing loan owed to a guarantor or associate of the borrower
  • Expansion or improvement to a building (see traditional 504 product)
  • Unprofitable or non-creditworthy entities
  • Businesses past due on existing debt within the last 12 months