Update: June 2016:
The refi program is officially back. Guidelines have been released with more to come shortly. Here is what is known so far:
Breaking News 12/18/2015 : Congress has just approved the return of the 504 Refinance Program
The 504 refi program had a very short, but successful life a few years ago and quite frankly not that many people in the SBA lending industry thought it would ever come back, but today it was written into law and it will be permanent.
This could be a HUGE deal for business owners needing to refinance their real estate, buildings and equipment.
It will likely be 4 to 6 months before the program is rolled out and we won’t know exactly what the rules will be, but hopefully they will be similar to what they were the last go round.
This post as well as our web page located here will be updated as information becomes available.