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Feb 11 SBA 504 Refinancing Program

Window of Opportunity Now Open

The SBA has announced the guidelines for the new standalone SBA 504 Refinancing Program, which was originally approved as a part of the Small Business Jobs Act this past fall. This is a temporary program that allows the SBA 504 Loan to be used for refinancing conventional loans, so long as a series of specific criteria is met. SBA will begin accepting applications on February 28, 2011, and the program is authorized through September 27, 2012.  Eagle Community Bank will begin accepting applications immediately!

If you have additional questions or would like to get started on an SBA 504 loan, please contact Susan Nelson at 763-494-9800.

2 Comments so far | Leave a comment

  1. 19 Aug, 11 | Cyndy:

    I’m unaware of any additional blogs on this topic. However, you can go directly to the Small Business Administration’s website at http://www.sba.gov for a wide variety of information.

  2. 18 Nov, 11 | Susan:

    The Bank can help you determine if you qualify for the refinance program. Some of the benefits include lower interest rate, and up to a 25 year amortization. Call if you have any questions 763-494-9600.

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