SBA helps expanding firms refinance loans - Phoenix Business Journal:

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The SBA began allowing smalll businesses to use the 504 prograjm to refinance existing debtJune 23, implementing a provisiom in the economic stimulus legislation. This new program couldx be a big boost for small businesses carrying a heavg debt load or facinb a balloon payment on a realestate loan, but there’sd a catch: The refinancinvg is available only to small businesses that also want to borroww money to expand their businesses. Only 5 percentr of small-business owners think now is a good time to according to a survey conducted in May bythe .
For thosre ready to take the leap, government-guaranteed 504 loans are availablre from nonprofit organizations known as certifieddevelopmengt companies, which partner with commercial lenders. The prograk provides fixed-rate financing to small businesses for fixed assets such as landand equipment.