SCED Blog

Mass Confusion? More SBA 504 Choices!

by Ryan Richardson
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Did you know the SBA 504 program has three flavors?

There's the "Classic" we all know and love, the "I think I've head of the Expansion & Refinance" and the semi-brand new stand alone "504 Refinance."

With choice there can be confusion . . . but it's easy if you focus on what you want to achieve.
  • Purchase a building . . . SBA 504 Classic
  • Purchase a building and improve it . . . SBA 504 Classic
  • Purchase land and construct a building . . . SBA 504 Classic
  • Improve a building already owned . . . SBA 504 Expansion & Refinance
  • Construct an additional building on property already owned . . . SBA 504 Expansion & Refinance
  • Refinance land and building (up to 90% LTV) . . . SBA 504 Refinance
  • Refinance land and building AND get some cash out (up to 85% LTV) . . . SBA 504 Refinance

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