Refinancing SBA loan

searcher profile

November 08, 2025

by a searcher from The Johns Hopkins University in Kalamazoo, MI, USA

Team, Looking to see how easy or difficult it is to re-finance SBA loan after 2 year of profitable operation of acquired business at a more attractive rate (and getting SBA collaterals removed). It seems its totally worth it. I also wanted to get names of specific banks that do that more often. Appreciate feedback from SF community.
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commentor profile
Reply by an intermediary
from The Johns Hopkins University in Gainesville, FL, USA
Refinance to what? And why? The SBA has tightened up their “no credit elsewhere” rules, so you are probably looking at conventional financing, which is unsupported by SBA guarantees. I'm not a banker, but without a government guarantee bankers will probably want collateral and/or personal guarantees (Bankers, speak up!). Plus you'll be paying another set of loan fees. You could also consider private lending. Use NPV to determine the optimal course of action: analyze both a refinance and an accelerated repayment schedule against the loan to determine which has the highest NPV.
commentor profile
Reply by a lender
from Chapman University in Denver, CO, USA
Hey Kandarp, I've refinanced a number of these over the years. It's really dependent on the specifics of the deal and today's composition of the balance sheet. Feel free to shoot me a line if you'd like to discuss further. redacted
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