How to Refinance SBA 7a in 2024?

How to Refinance SBA 7a in 2024?

In this episode of Investor Financing Podcast, we discuss the current options for refinancing SBA 7a loans in 2024, including fixed rate and variable rate options.

In this episode, we'll cover:
- The most common activity in SBA lending right now
- Options for refinancing SBA 7a variable rate loans
- The process for refinancing into a fixed-rate option
- Estimated timeline for the refinancing process
- Additional benefits and savings for loan amounts under a million dollars

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Timestamps:
(00:39) Refinancing options for SBA 7a loans, including fixed and variable rate options.
(01:10) Simplified refinancing process, no longer requiring approval from the existing SBA lender, and options for fixed-rate refinancing with or without real estate.
(02:35) Explore refinancing options for increased cash flow and lowered debt payments.
(02:56) Waived guarantee fee for loans under a million dollars and the absence of prepayment penalties on 10-year SBA terms, urging viewers to consider refinancing.

💥 Thanks for watching 💥
#Refinancing #SBA7a #commercialmortgageadvisor #fixedrateoptions

About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.

🎥 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.