How to Refinance Your Variable Rate SBA 7a into a Fixed Rate SBA 7a Loan

How to Refinance Your Variable Rate SBA 7a into a Fixed Rate SBA 7a Loan

In this episode, we dive into refinancing an SBA 7a loan, specifically the possibility of refinancing a variable rate SBA 7a into a fixed rate SBA 7a loan. If you're currently dealing with an adjustable-rate SBA 7a loan and are looking for options to potentially lower your debt payment, this episode is for you!

Here's a sneak peek of what you'll learn:
1. The crucial steps to refinance your SBA 7a loan into a fixed-rate SBA 7a loan.
2. The importance of getting a written confirmation from your existing lender that they will not refinance your loan.
3. How to determine if you're eligible for a new SBA 7a loan by showcasing at least a 10% decrease in your debt payments.
4. Exciting fixed-rate options available that can potentially reduce your monthly debt costs.
5. The possibility of obtaining working capital in the refinancing process, depending on your cash flow.

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

Timestamps:
(00:02) - Introduction to SBA 7a loans and refinancing options
(00:14) - Requirements for refinancing and potential savings
(00:36) - Collaboration with different banks and credit unions
(01:03) - Information about variable and fixed rate options
(01:33) - Mention of including working capital in the new loan
(02:40) - Information about fees and payment structure

💥 Thanks for watching 💥
#SBA7a #adjustablerate #refinancing

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.