504 Refinancing

Beneficial 504 Refinancing

The Small Business Administration (SBA) 504 refinance is the perfect financing option to assist your businesses in providing permanent long term financing on your occupied buildings. Cover your business’s existing debt with a Small Business Administration 504 Loan from Pivotal Business Partners. Work with the professional team that has the capability to refinance your real estate and eligible business expenses. Enjoy a down payment that’s lower than typical financing options. Contact us today for more details and to acquire the capital your business needs!

The SBA 504 Refinance Program

The latest Guidelines from lenders for the refinance program are below. Please note if you currently have a 504 loan and you are looking to refinance your first mortgage and you have a multi-purpose property you may be eligible to refinance the first into a 25 year fixed rate and you may be able to take cash out. Please contact us at 515-512-1613 for details.

What you’re eligible for

Single purpose or special use properties such as hotels, assisted living, etc are eligible up to 90% LTV even though they would typically require more equity to be eligible for a 504. Other properties such as golf courses or bowling centers may also qualify for 90%.

Use cases

75% of the original debt had to be used to finance real estate and up to 25% of the debt to be refinanced could have been used for other business uses.


Max LTV is 90% if the refinance includes real estate and equipment debt. If refi includes cash out for “eligible operating expenses,” the max LTV is 75% with business operating expenses not to exceed 25%.

Business must have been in operation for two years

Business must have been in operation for two years prior to application date (and cannot have full or partial ownership change).