Although details of the program have not yet been released, we are expecting a June, 2016 roll-out of the program. The TCM staff was very successful in delivery of the program when it was released as a two-year temporary program, and we are excited to have the opportunity to provide this product on a permanent basis. Please sign up for our email updates to be notified of the exact release date of this program as well as monthly rate updates and other program changes.

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504 Debt Refinance Program Passed Into Law on December 18,2015

It’s official, the SBA 504 Debt Refinancing Program will be made permanent. Congress has added a few restrictions, so SBA will be carefully analyzing these changes before issuing new regulations and making the program live. SBA has said it will take AT LEAST 4-6 months to be able to restart this new version of the refinance program. Stay Tuned to TCM for more details!
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SBA 504 Loan Fees have been reduced for loans approved on or after October 1, 2015. 
The upfront SBA Guarantee Fee of 0.5% has been eliminated and the ongoing SBA Guarantee Fee has been reduced slightly from 0.9375% to 0.914%.
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The SBA announced the publishing of final rules which will provide greater access to the SBA 504 loan program. Of particular mention are the following changes which became effective on April 21,2014:

Elimination of the Personal Resource Test – The SBA will no longer disqualify a borrower or require an additional equity injection based on excess personal liquidity formulas.

Elimination of the 9-Month Rule – This change will allow financing of expenses toward a project regardless of when the costs were incurred, so long as they are directly attributable to an eligible 504 project.