Have existing debt on your business and interested in refinancing to a lower rate? Thanks to permanent changes to the SBA 504 Program, FBDC can now assist with the refinance of existing commercial debt and even existing 504 debt! Whether your strategy is to maximize your business cash flow, grow your business via expansion, or turn your equity into working capital, FBDC can help.
25-Year: 6.283% | 25-Year REFI: 6.312% | 20-Year: 6.350% | 20-Year REFI: 6.380% | 10-Year: 6.459% | 10-Year REFI: 6.484% (as of November 2024)
SBA 504 Refinance Program
Refinance Your Debt
Benefits to Refinancing
- Reduce monthly loan payment
- Increase business cash flow
- Up to 90% financing
- Below market, fully amortizing fixed rates up to 25 years with no balloons
- Minimize interest rate risk for borrower
- Provide cash-out for eligible business expenses
- Consolidate debts on commercial real estate
Eligibility
- Proceeds of debt originally used for the purchase or improvement to fixed assets
- Loan being refinanced is at least two years old
- Property is at least 51% owner-occupied
- Business has been current on the debt for the past 12 months
Refinance of existing 504 debt includes additional requirements. For more information, please email b.joiner@fbdc.net
