Refinance Commercial Mortgage Debt

Refinance commercial mortgage debt with an SBA 504 refinance loan

Advantages of TMC’s SBA 504 Refinance Loan

  • Financing up to 90% of the appraised property value
  • Cash out for eligible business expenses up to 85% of the appraised property value (business expenses are limited to 20% of appraised value)
  • Below-market interest rate, currently, 3.01% FIXED for 25 years, 2.89% FIXED for 20 years ,or 2.72% FIXED for 10 years on 504 loan
  • The ability to consolidate multiple loans

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
  • At least 85% of existing conventional loan must have been for SBA 504-eligible purposes
  • Loan may be subject to a federal agency guarantee (meaning existing SBA 504 or 7(a) loans may be eligible)
  • 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 (salaries, rent, utilities, inventory or other obligations of the business)
  • Appraisal not due at application, but will be required for funding

TMC Financing has specialized in owner-user commercial real estate financing for 40 years.

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

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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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