Businesses

SBA 504 Refinance

A Better Way to Refinance Commercial Real Estate

As a business owner, the SBA 504 loan program is the best tool for refinancing owner-occupied commercial real estate. By using the SBA 504 you will be able to refinance your project with a 20-year fixed rate term.

SCED is licensed by the SBA to market, package and service SBA 504 loans in California.

Refinance Advantages
  • Improves Cash Flow - Re-amortizing the loan lowers the payment, increasing cash flow that can be used to grow business. Up to 90% LTV when refinancing for rate and term.
  • Cash Out – Tap your equity - Access up to 85% LTV of your property value and get cash out for eligible business expenses.
  • Access Low Fixed Interest Rates - The SBA 504 is “Main Street’s Window to Wall Street” and access low, fixed 20-year interest rates.
  • Loan Coming Due? - Balloon coming due and worried about finding a home for the loan? SBA 504 provides an attractive refinance solution.
  • Project Based on 90% of Appraised Value (85% for Cash Out) - Refinance existing property debt or pull cash out of the property - SBA 504 Refinance can do both.
  • No “Extra” Injection for Special Use Properties - Hotels, motels, mini-storages, restaurants and all special use properties are eligible for 90% LTV financing.
  • Borrower Contribution is Equity - In most cases, the borrower will not have to come out-of-pocket with cash as long as they have equity.

Ready To Take Action?

Apply Online Now

Current SBA 504 Loan Rates

10-Year Fixed Rate 4.15%
20-Year Fixed Rate 4.64%
Refinance Rate 4.67%
Loan Rate Pricing Changes Monthly

Business Financing Success Stories

image description

“These are specialty-use buildings, so traditional financing… well, banks get a little scared to fund a project like this, even with a lot of collateral.”

READ STORY

Premier Oil Change

Redding, CA
image description

“For me, it wouldn’t have been possible without SCED.”

READ STORY

Action Sports Rentals

Redding, CA
image description

“The biggest challenge to obtaining financing was being a new business,” says Juli, “and fighting the assumption that I didn’t know what I was doing.”

READ STORY

JR Martin and Associates

Redding, CA
image description

“A business development loan provided the financial boost for internally redesigning the machine and eliminating the flaw in the process.”

READ STORY

Sof-Tek Integrators

Redding, CA
image description

“SCED meets a critical demand for small business.”

READ STORY

Know Opportunity

Redding, CA
image description

“SCED really is a huge benefit for businesses owners. It’s just an amazing program.”

READ STORY

Caterpillar Campus

Redding, CA
image description

“I knew SCED was working for my success, not just their own bottom line.”

READ STORY

LPL Financial

Redding, CA
image description

“I really wanted to do the right thing for downtown.”

READ STORY

CPR, Inc.

Redding, CA
image description

“To be honest, we didn’t really do much, SCED did everything.”

READ STORY

Taylor Made Landscaping

Redding, CA
image description

“An appraisal was done which included improvements, so my loan funded all the remodeling, improvements, new chairs, and computers,” Adelman says.

READ STORY

Everything Medical

Redding, CA
image description

“How are you supposed to be new and succeed if you don’t change anything?!”

READ STORY

Signarama

Redding, CA
image description

Julie gives credit to SCED Loan Manager Ryan Richardson for “not just evaluating the numbers, but evaluating me."

READ STORY

Tsasdi Resort

Lakehead, CA
image description

“SCED didn’t have their own agenda, and they were helpful throughout the entire process. They made it seem so easy.”

READ STORY

Boundary Waters Screenprinting

Redding, CA