SBA 504 Refinance Loan Program

Refinance Your Real Estate Loan and Save on your Monthly Occupancy Costs

  • Do you own an owner/occupied commercial building and have a pending balloon payment?
  • Do you want to reduce your monthly payments and increase cash flow?
  • Do you need access to cash?

If you answered yes to any of these questions, refinancing with the SBA 504 Program could be the solution to your needs. The SBA 504 Program enables qualified business owners to refinance their existing loan to a more affordable and beneficial SBA 504 loan.

Business owners can access cash trapped in equity and use it for business expenses.

What is the SBA 504 Refinance Loan Program?

An SBA 504 loan is government-backed financing that can be used to refinance debt previously incurred for commercial real estate and fixed-asset projects. The loan program comes with three huge advantages.

Below-market, fixed interest rates

Stable and predictable occupancy expenses for 25 years

Access cash trapped in equity

Advantages of TMC Financing’s SBA 504 Refinance Loan

  • Financing up to 90% of the appraised property value. For cash out projects, up to 85% financing is available.
  • Cash out up to 20% of the value of the property for working capital needs
    • Pay salaries, rent, utilities, inventory or other obligations of the business with cash previously trapped in equity
  • Below-market interest rate, currently, 3.01% fixed for 25 years
  • The ability to consolidate multiple loans
  • Existing equity often fulfills the down payment requirement

SBA 504 Refinance Eligibility Guidelines

  • Almost any owner-occupied property will qualify: minimum 51% owner-occupied and meet all other SBA 504 eligibility guidelines at time of application
  • Existing loan must be at least 6 months old
  • 75% of existing loan must have been used for SBA 504-eligible purposes (improved from 85%)
  • Existing SBA 504 or 7(a) loans may be eligible but the original lender must be notified within 10 business days of submitting to SBA for approval (permission no longer required)
  • Other assets can be used as collateral to get to 90% LTV
  • Up to 20% of the appraised value can be used for cash out for other business expenses
  • Appraisal not due at application, but will be required for funding


Learn how this small business worked with TMC Financing to refinance their debt with an SBA 504 loan!

Contact Our Loan Experts

SBA 504 Refinancing Rates


Cash-Out Refinance

View Cash-Out Refinance Examples

Refinance Multiple Loans

View Refinance Multiple Loans Examples

Find a Loan Expert

Our loan experts can help determine your eligibility and see if refinancing with the 504 loan is right for you and your business.

Learn more with our Insider's Guide

Download our Insider's Guide to Refinancing with the SBA 504 Program to learn more about the SBA 504 Refinance Program and to learn how it can benefit you and your business.

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