Refinance your adjustable-rate loan
If you want certainty as 7a interest rates are rising,
now is the time to refinance into a fixed-rate SBA 504 loan!
- Access cash from the equity in your building
- Commercial real estate and heavy equipment are eligible
- 25-year loan term at a fixed, below-interest rate
- Up to 90% financing
Eligibility Guidelines
- Almost any owner-occupied property will qualify: minimum 51% owner-occupied
- The operating company is required to be in business for at least 2 years
- The loan you wish to refinance must be at least 6 months old
- Up to 20% of the appraised value can be used for eligible business expenses (not to exceed 85% combined LTV)
To prepare for your call with a Statewide loan expert, please gather the following documents.
- Promissory Note on the loan(s) to be refinanced
- Current loan statement for the loan(s) to be refinanced
- Final closing statement for the original purchase
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To get started please call a loan expert or complete this form. We will review and get back to you shortly with next steps on how to proceed.
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