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Available SBA loans baffle many – Businesses could save millions on refi – if only they would apply
October 3, 2011 /
Like homeowners, small businesses with good credit can save some real money these days by refinancing their mortgages to take advantage of low-interest rates.
A temporary federal program is designed to help small firms do just that by allowing them to use a type of federally guaranteed Small Business Administration loan to refi up to 90 percent of a property’s value.
The potential savings of the two-year program, under the SBA’s 504 loan program, are enticing.
David Wichner
Full Story: http://azstarnet.com/business/local/article_a0281578-01e2-5f0a-9da9-df7cad5d7af0.html
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