Looking to refinance debt? The 504 Loan Refi Program is ideal for helping businesses lower debt payments, preserve working capital and expand their operations. Through a partnership with the SBA, SomerCor provides low interest financing with 10 and 20 year fixed rates and up to 90% LTV.
- 50% from a private sector participant (usually a bank)
- 40% from SomerCor
- 10% from the business
Here’s how the structure typically works:
SomerCor’s streamlined process makes it quick and efficient. Contact us today for more details.