SBA 504 Refinance

A Better Way to Refinance Commercial Real Estate

As a business owner, the SBA 504 loan program is the best tool for refinancing owner-occupied commercial real estate. By using the SBA 504 you will be able to refinance your project with a 25-year fixed rate term.

SCED is licensed by the SBA to market, package and service SBA 504 loans in California.

Refinance Advantages:

• Improves Cash Flow - Re-amortizing the loan lowers the payment, increasing cash flow that can be used to grow business. Up to 90% LTV when refinancing for rate and term.

• Cash Out – Tap your equity - Access up to 85% LTV of your property value and get cash out for eligible business expenses.

• Access Low Fixed Interest Rates - The SBA 504 is “Main Street’s Window to Wall Street” and access low, fixed 20-year interest rates.

• Loan Coming Due? - Balloon coming due and worried about finding a home for the loan? SBA 504 provides an attractive refinance solution.

• Project Based on 90% of Appraised Value (85% for Cash Out) - Refinance existing property debt or pull cash out of the property - SBA 504 Refinance can do both.

• No “Extra” Injection for Special Use Properties - Hotels, motels, mini-storages, restaurants and all special use properties are eligible for 90% LTV financing.

• Borrower Contribution is Equity - In most cases, the borrower will not have to come out-of-pocket with cash as long as they have equity.

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