BREAKING NEWS: SBA 504 REFI IS BACK! And, this time, it is PERMANENT.
December 18, 2015 504
Today, Congress reauthorized the SBA 504 refinance program and has made it a permanent program enhancement.
Soon, borrowers are going to be able to refinance their owner-occupied real estate mortgage into our 20 year fixed debt instrument. It will take SBA some months to define the rules, forms and particulars, but start prospecting now with your clients.
How could there ever be a better time to lock in 20 year interest rates? – 504 Rate History Chart
SomerCor looks forward to helping you or your clients with this tremendous opportunity through SBA 504.
Please contact your SomerCor representative today to enter your business or client into our 504 refi pipeline.