|5 Patti Page Way, Centerville, MA 02632||directions|
|Mon - Fri 8:30 AM - 5:00 PM||about|
|508 790 2921||contact|
New SBA 504 Refinancing Program
Concerned about rising interest rates? Get the financial relief you need to grow your business and create new jobs with the SBA 504 Refinance Program!
Effective June 24, 2016, the program allows for refinancing commercial real estate debt, other secured debt and eligible expenses. Apply now!
- Max 90% Loan to Value (LTV) if refinancing qualified debt; real estate and equipment
- Maximum 75% LTV if financing operating expenses; may not exceed 25% of loan
- Eligible expenses include salaries, rent, inventory, etc. incurred (call for specifics)
- Debt refinanced must be in place for 2 years prior to application date, and cannot have full or partial ownership change
- Debt to be refinanced must be current for past 12 months
- Existing SBA, USDA or any other government debt is not eligible
- Borrower must meet all other SBA 504 requirements
Need more information? Got a business project you'd like to discuss? Let's talk! Contact us today at 508-790-2921 or apply for a loan online now.
Coastal Community Capital is a non-profit community development lender serving Massachusetts businesses with commercial lending expertise since 1995. Coastal is certified by the U.S. Department of the Treasury as a Community Development Financial Institution and by the U.S. Small Business Administration as a Certified Development Corporation. This institution is an equal opportunity provider and employer.
Rates, terms and availability subject to change without notice. Other terms and conditions apply.
Last updated: June 17, 2016