Refinancing of SBA loan after 1.5 years or so

We do quite a bit of both SBA and traditional bank financing. Most Banks in their small business lending groups almost always require personal guarantees. Depending on the Bank size, the small business lending teams typically work with Borrowers with $1 to $50 million in revenue and loan sizes of $100,000 to $10 million. The bigger issue you are going to have in refinancing is do you have the collateral to support a conventional bank deal. If you are doing a leveraged business buyout where most of the value is goodwill and the loan is not fully secured by other collateral, it is going to be hard to get a conventional lender to refinance it unless you come up with more collateral. If the deal is mostly collateralized today and you can get the debt paid down to a point where it is fully collateralized in the future between business assets and real estate, then it would be possible to refinance into a conventional bank deal. But you would still likely have the personal guarantee at that point. If you would like to discuss your specific situation, feel free to reach out to me at --@----.com Thanks.

I am looking at an SBA loan right now myself and the lender has told me "after 2-3 years of payment history" it is possible to refi out of the PG