SBA 504 Refinance 

The SBA 504 refinance program is designed to refinance existing commercial real estate or equipment with low, fixed interest rates at 10, 20, & 25 year terms. Refinance your adjustable rate loan with a new fixed rate SBA 504 loan. 

How to qualify: 

  • Must be a for-profit, small business in the U.S. 

  • Your business must be in operation for two years, and your existing debt must be two years old 

  • Net worth must be less than $15.0 million and net profit after tax (2 year average) of no more than $5.0 million 

  • Existing debt payments cannot be more than 30 days past due during the past 12 months 

  • Your business must occupy at least 51% of its property at the time of application 

How funds can be used: 

  • Eligible borrowers are able to refinance up to 90 percent of the current appraised property value

  • Eligible business expenses may be included such as salaries, rent, utilities, inventory, and business credit cards

Loan structure

  • ​A bank or credit union will provide a loan for 50 percent of the total project 

  • Capital Matrix will provide up to 40 percent of the total project with a SBA loan 

  • A contribution of at least 10 percent equity from the small business borrower  


What is not eligible: 

  • Existing 504 projects and government-guaranteed loans are not eligible (SBA 7A & USDA)