{"id":8432,"date":"2018-03-07T14:07:15","date_gmt":"2018-03-07T22:07:15","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=8432"},"modified":"2021-05-10T20:30:04","modified_gmt":"2021-05-11T03:30:04","slug":"can-i-refinance-business-mortgage-with-sba-loan","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/can-i-refinance-business-mortgage-with-sba-loan\/","title":{"rendered":"\u00bfPuedo refinanciar mi hipoteca comercial con un pr\u00e9stamo de la SBA?"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]\"\"One of the best outcomes you can hope for as a small business owner is to one day own your own building. If you\u2019ve already financed your building purchase, but want to explore financing options that better suit your small business, <\/span>refinancing your current loan with SBA loan<\/span><\/a> might be your best option. Refinancing your current mortgage with an SBA loan can free up capital to help with new equipment or business expenses, and it can potentially give you access to a larger loan amount for renovations to your building. <\/span><\/p>\n

What is a 504 Loan and How Does it Help Me Refinance My Business Mortgage? <\/b><\/h3>\n

The SBA 504 program offers you the opportunity to secure below-market, fixed interest rates, amortized over 20 years, for up to 90% of the appraised value of commercial real estate property. Loans are administered by a Certified Development Company (CDC) such as TMC Financing, and granted in conjunction with a conventional lender, who provides 50% of the total loan amount. Your CDC facilitates the SBA loan for up to 40%, or $5 million at a fixed, below-market rate. <\/span><\/p>\n

Refinancing your conventional debt with an SBA 504 loan can help you free up trapped capital and enjoy lower monthly payments \u00a0due to the low, long term, fixed interest rate. The 504 loan only requires a 10% injection (in the majority of cases), which is often covered by the equity itself . This injection \u00a0is typically much lower than traditional business loans, and can help you keep more of your cash in your business rather than tied up in real estate.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_round_chart type=”doughnut” stroke_width=”2″ values=”%5B%7B%22title%22%3A%2250%25%20Conventional%20lender%22%2C%22value%22%3A%2250%22%2C%22color%22%3A%22blue%22%2C%22custom_color%22%3A%22%2300c1cf%22%7D%2C%7B%22title%22%3A%2240%25%20CDC%22%2C%22value%22%3A%2240%22%2C%22color%22%3A%22green%22%2C%22custom_color%22%3A%22%230088cc%22%7D%2C%7B%22title%22%3A%2210%25%20Borrower%22%2C%22value%22%3A%2210%22%2C%22color%22%3A%22peacoc%22%2C%22custom_color%22%3A%22%23ff9900%22%7D%5D”][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]An <\/span>SBA 504 loan<\/span><\/a> can also be used to: <\/span><\/p>\n