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 504 Debt Refinancing Program with or without expansion.
Under the program available through Florida First Capital/First Capital Finance, 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.
Loans made under the 504 Debt Refinancing Program are 504 loans and are subject to all applicable SBA 504 Loan Program requirements.