Refinancing Existing SBA Loan with Commercial Loan (<$1.5mm)

by a searcher from Princeton University

7 months ago

I am 3.5 years post acquisition (water treatment space), and I'm exploring commercial business loans to refinance my existing SBA loan. I've heard that certain commercial lenders may be able to offer more competitive rates than SBA lenders (for the the right business!) for loans under $1.5mm. Can any lenders on this platform shine some light on this? Or are there any other operators that have had success refinancing with commercial cash flow lenders? 

The refinancing would be in the $1.4mm range. Primary goals with a refinancing would be to 1) lower rates and 2) free up monthly cash flow for growth investments, and 3) add a revolving line of credit to my cap structure to add flexibility.

All feedback appreciated!

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lender

I have refinanced many SBA loans. With the latest SOP updates, SBA made the process even easier, as long as certain credit and SBA criteria are met. Feel free to reach out at --@----.com and I will be happy to go over your case.

7 months ago | like reply | 0 likes

lender from Georgetown University

If you are still looking, perhaps we can help. We work with many providers so that we can offer the best rates, free of charge. Take a look at our refinancing page here in case it is helpful: https://www.vettedbiz.com/refinance/

7 months ago | like reply | 0 likes

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