SBA 504 Debt Refinance Program

Recent changes to the 504 Refinance Program now make it eligible to refinance a loan even if it is an existing SBA 7(a) or SBA 504 Loan. The Alloy Commercial Capital staff is here to help determine if your project is a good fit for an SBA 504 refinance. The recent changes make it easier for more deals to qualify. Call one of our expert loan officers at 513-631-8292 for more information.

What are the benefits?

What are the benefits of the SBA 504 Refinance Loan?

Who is eligible for SBA 504 Refinance?

To be eligible for an SBA 504 refinance, your business needs to meet these basic criteria:

  • Operational for at least two years.
  • Mortgage debt to be refinanced must be at least six months old.
  • Existing mortgage must have been used for a refinance of a prior loan that was originally used for an eligible SBA 504 project.
  • Recently expanded eligibility guidelines now allow loans to be eligible for 504 refinance even if the existing loan is an existing SBA 7(a) or SBA 504 loan. Ask an Alloy Commercial lender if you qualify.


Answers to the most common questions

Here are some of the key documents needed when you apply for an SBA 504 refinance:

  • A copy of the existing note, including any amendments or modifications.
  • Payment transcripts for the 12 months leading up to the application date (the monthly statements from the current mortgage lender are sufficient, as long as they show balances and payments).
  • Documentation of business operating expenses if you’re interested in using equity for eligible business expenses. This includes breakdowns of expenses incurred but not paid by the date of your application or that will be due within 18 months from the date of application. The types of expenses can include salaries, rent, utilities, inventory, and other expenses that aren’t capital expenditures.
Yes as long as you comply with the guidelines and requirements. The ability to refinance government-guaranteed debt was new in 2021.
  • Manufacturing
  • Warehouse/Logistics
  • Health Care
  • Professional Services
  • Hospitality
  • Retail
  • Franchises
  • Senior Care Facilities
  • Education & Child Care

Call one of our expert loan officers a at 513-631-8292 for more information

Talk to one of our loan experts today to find the right solution for your needs

Or give one of our expert loan officers a call at 513-631-8292 for more info.

“Alloy walked me through the SBA 504 loan process every step of the way, which I really needed since I had never purchased commercial real estate before. They also helped me out with a tricky leased land situation that helped pave the way for future commercial real estate purchases.”
Steve Dorgan
President, Wray Precision, SBA 504 Loan Borrower