REFINANCING?

We are still awaiting regulations that would allow refinancing to be part of a 504 Project.  The Stimulus Bill introduced the concept of allowing a 504 loan to be used for a limited amount (50%) of refinancing in a circumstance where a business is expanding. There is move afoot to remove the limit and we will let you know how that develops.

If you have any questions feel free to contact Brian Kearns at (805) 739-1665 or bkearns@coastalbusinessfinance.com.

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