Small Businesses Can Refinance Commercial Mortgage and Other Business Debt Under the SBA 504 Loan Program.
Small business owners can lighten their monthly debt payments and access equity trapped in commercial real estate holdings by refinancing conventional real estate loans through the
SBA’s permanent 504 Debt Refinancing Program.
Under the program available through Florida First Capital, small businesses can take advantage of 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, without the requirement of expansion, which was required in the past. Borrowers may also refinance eligible business
operating expenses (cash-out option).