As a vital business in South Puget Sound, you deserve a break in some really challenging times. And now you might be able to catch that break on your business loan with the new SBA 504 loan refinance program offered through Harborstone Credit Union and the U.S. Small Business Administration.
The SBA announced an unprecedented new loan program last week that is available on existing debt for a business’s owner-occupied commercial property. This could be a great opportunity if your loan matures before Dec. 31, 2012. Update: The Small Business Administration has just announced new guidelines expanding the program, meaning business loans maturing after Dec. 2012 are still eligibile! More details coming soon. And, unlike regular SBA 504 loans, the new program does not require a business expansion plan as part of the loan conditions.
My name is Janie Sacco, and I’ve been fitting small businesses with SBA solutions since 1988. Along with the other loan officers here at Harborstone, I am ready to help you take advantage of the new SBA refinancing program — or help you find an option that fits your needs.
After more than 20 years of working with SBA programs, I can tell you this new refinancing program is worth your consideration. It’s unlike any program that SBA has offered to date. You may be able to borrow up to 90% of the market value of your building, lower your interest rate, and lower your monthly payment.
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