Unlock More Capital
Whether you want to consolidate a secured line of credit, pay down an unsecured line of credit, or even for working capital, the SBA 504 Refinance Program may be the right choice for you.
504 + CREATIVE THINKING = LENDING POWER
If the borrower's commercial loan meets the eligibilty requirements, CIC can roll other commercial debt secured by the 504 eligible asset into the refinance. In fact, there may also be an opportunity to structure a cash-out refinance.
IS THE 504 REFINANCE PROGRAM RIGHT FOR YOU?
The primary debt to be refinanced must be a commercial loan that:
To find out more about the benefits of this new program and its eligibility requirements, contact a CIC Loan Officer.
Not in our lending territory? No problem! CIC has a nationwide network of CDC partners ready to assist. Contact us to find out more.
CIC is an economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in Connecticut and Rhode Island who have powerful ideas and need more power to grow them.