25-YR FIXED RATE
2.75%
20-YR FIXED RATE
2.71%
10-YR FIXED RATE
2.44%
REFINANCE RATE
+0.0348%
empowering economic growth
504 Refinance program
Will I Qualify for 504 Refinancing?
If you answer “yes” to the following questions, your project will likely qualify for the 504 Refinance Program.
- Is the business a for-profit business averaging less than $5 million in annual profits and $15 million in net worth?
- Is the loan at least two years old?
- Is the property being refinanced at least 51% owner-occupied or long-term equipment?
- Was the debt to be refinanced originally used for the purchase/improvement of fixed assets, such as land and building, and/or heavy machinery or equipment?
- Has the business been current on the debt to be refinanced for the past 12 months?
Benefits of SBA 504 Refinancing
- The borrower’s equity in the collateral often fulfills the down payment requirement
- Low, fixed interest rate on 504
- Long loan term – up to 25 years
- Access cash in the building for salaries, rent, inventory, utilities, payables, etc.
- Payment stability
- Protection from balloon payments
- Up to $5 million for SBA portion of loan, no limit on overall project size
- Keep your lender or allow us to match you with one of our lending partners
What Kind of Rate Can I Expect?
The interest rate is fixed for 20- or 25- years, much like the standard 504 Loan Program. However, the effective rate will be slightly higher than standard 504 loans due to higher servicing fees.

504 Refi Stats
$1.3B Refinanced since 2017
$348M Refinanced in 2019
Thousands of businesses have utilized a 504 Refi
Growth Corp is the Top 504 Refi Lender in the U.S.
The 504 Refinance Program comes with two huge advantages: One, it offers business owners a below-market, fixed interest rate loan. You’ll enjoy a repayment period of up to 25 years with no balloon payment to worry about. Second, a long-term fixed rate mortgage alleviates occupancy expense fluctuations.
Furthermore, when you utilize SBA 504 Refinancing, you have the option of tapping into your equity and obtaining cash for payment of many eligible business expenses. These expenses can include items such as utilities, inventory and lines of credit.
Case Study: 504 Debt Refinance – No Cash Out
A widget manufacturer is refinancing an existing $1.8 million commercial real estate loan. The property appraises at $2 million.
Loan Structure:
Portion | Amount | |
Bank | 50% | $1,000,000 |
Growth Corp | 40% | $800,000 |
Borrower | 10% | $200,000 |
Total | 100% | $2,000,000 |
NOTE: The third-party (bank) loan must be equal to, or greater than, the SBA 504 debenture amount. The SBA piece cannot exceed 40% of the appraised value.


504 Debt Refinance – Cash Out
A widget manufacturer is refinancing an existing $1 million commercial real estate loan and would like to get cash out of the building for eligible business expenses. The property appraises at $2 million.
- Appraised Value: $2,000,000
- Qualified CRE Debt: $1,000,000
- Eligible Business Expenses (Cash Out): $400,000
Loan Structure:
Portion | Amount | |
Bank | 35% | $700,000 |
Growth Corp | 35% | $700,000 |
Borrower | 30% | $600,000 |
Total | 100% | $2,000,000 |
NOTE: The loan-to-value does not exceed 85% and the cash out portion does not exceed 20% of the appraised value.
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A Sampling of Our 504 Projects
Our mission is to advocate for small businesses.
We love our communities and believe small business is the foundation of their economic prosperity. We will do all we can to support you and your business goals. Start-ups to seasoned businesses and everything in between can benefit from working with Growth Corp. Here’s why:
We Are An Industry Leader
In Business Since 1992
We’ve assisted thousands of businesses spanning various industries. In fact, our portfolio is currently in excess of $675 million.
Trusted by the U.S. SBA
SBA 504 LOANS
How Will You Grow Your Business?

877-BEST 504
www.GrowthCorp.com
A Non-Profit Organization Focused Exclusively on Small Businesses
