SBA Launches New Refinancing Program 504 Commercial Mortgage Debt Refinancing Program

Small businesses facing maturity of commercial mortgages or balloon payments before December 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the Small Business Administration (SBA) under a new, temporary program. The new refinancing loan is structured like a traditional 504 loan, with borrowers committing at least 10% equity…