Refinance Your Business Debt with SBA 7(a) Loans
Lower your interest rates, reduce monthly payments, and free up cash flow by consolidating your business debt into a single, manageable SBA 7(a) loan.
What You Can Refinance
Consolidate multiple forms of business debt into one SBA 7(a) loan
Existing Business Loans
Commercial Mortgages
Lines of Credit
Equipment Loans
Merchant Cash Advances
High-Interest Debt
Why Consolidate?
Consolidating multiple debts into a single SBA 7(a) loan simplifies your finances, typically results in lower interest rates, extends your repayment terms, and reduces your total monthly payment obligations.
Key Benefits of Refinancing
Transform your debt strategy and improve your bottom line
Lower Interest Rates
SBA 7(a) loans often provide better rates than credit cards, merchant cash advances, or other high-cost debt. Get competitive rates based on your creditworthiness.
Longer Terms
Extend repayment periods up to 10 years for working capital or longer for asset-based loans, reducing pressure on monthly cash flow.
Reduced Monthly Payments
By consolidating at better rates and terms, your monthly payment burden decreases significantly, improving cash availability.
Consolidate Multiple Debts
Simplify management by combining all business debts into a single monthly payment. No more juggling multiple lenders.
Improve Cash Flow
Free up working capital previously tied up in debt payments. Use it for growth, inventory, payroll, or strategic investments.
Build Business Credit
Successfully managing an SBA loan strengthens your business credit profile and demonstrates reliability to future lenders.
Key Loan Details
Flexible financing structured to match your refinancing goals
Loan Amount
Up to $5MM
SBA 7(a) maximum for refinancing
Repayment Terms
Varies
Based on original purpose of debt
Interest Rates
Competitive
Based on credit and market conditions
Understanding the Terms
Interest Rates
SBA 7(a) refinancing loans typically feature rates from 6.5% to 10%, depending on your credit score, loan amount, down payment, and current market conditions.
Flexible Terms
Refinancing terms vary based on the original purpose of the debt. Working capital may have shorter terms (up to 7 years), while equipment and real estate have longer terms (up to 10+ years).
Refinancing Eligibility
Key requirements to qualify for an SBA 7(a) refinancing loan
Tangible Benefit Demonstrated
You must show that refinancing provides measurable benefit, such as lower interest rates, reduced monthly payments, or extended terms.
Existing Debt Must Be Current
All debts being refinanced must be current on payments. Borrowers with recent defaults or delinquencies may not qualify.
Established Business
We work with businesses at various stages. While a track record helps, we also evaluate projections and overall financial health.
Positive Debt Service Coverage
Your cash flow should support the refinanced debt payments. SBA 7(a) loans require a minimum 1.15x DSCR within 2 years of the note date. We evaluate both historical performance and projections to meet these requirements.
How the Refinancing Process Works
Four simple steps to refinance your business debt
Pre-Qualification
Share details about your business, current debts, and refinancing goals. Our AI analysis provides instant pre-qualification and estimated savings.
Documentation & Application
Gather required financial documents (3 years tax returns, P&L statements, bank statements, etc.) and complete the full SBA 7(a) application.
Underwriting & Appraisal
Our lender team reviews your application, verifies information, and initiates any required collateral appraisals or inspections.
Approval & Funding
Upon approval, you receive the loan funds. The proceeds pay off your existing debts, leaving you with a single SBA 7(a) payment.
Documents You'll Need
Have these ready to speed up your application process
Business Documents
Personal & Additional Documents
📋 Download SBA Form 413 Template
The Personal Financial Statement (SBA Form 413) is a critical document that shows your personal assets and liabilities. Download our template to prepare it before applying.
Download SBA Form 413 TemplateReal Refinancing Example
See how an SBA 7(a) refinancing loan transformed a business's finances
Tech Solutions LLC
The Challenge
Tech Solutions LLC had grown successfully but was struggling with high-interest debt. They had multiple loans at varying rates and terms: a credit card at 18% APR, a merchant cash advance costing 42% annually, and a traditional term loan at 12%. Their monthly debt payments totaled $9,200 and were draining cash flow.
The Solution: SBA 7(a) Refinancing
Before Refinancing (Monthly):
After SBA 7(a) Refinancing (Monthly):
Monthly Savings
$3,400
That's $40,800 per year freed up for growth, payroll, and operations.
Results
Frequently Asked Questions
Can I refinance multiple debts with one SBA 7(a) loan?
Yes, that's one of the key benefits. You can consolidate existing business loans, lines of credit, equipment loans, and even merchant cash advances into a single SBA 7(a) loan.
How much can I save by refinancing?
Savings vary based on your current interest rates, terms, and the new loan terms. Many businesses save thousands per year in reduced interest payments. Use our pre-qualification tool to get a personalized estimate.
What if my credit score isn't perfect?
SBA loans are more flexible than conventional lending. We evaluate your complete financial picture including cash flow, collateral, and business performance. Strong credit helps, but it's not the only factor we consider.
Can I refinance debt that is behind on payments?
Unfortunately, no. All debts being refinanced must be current on payments. If you're behind, contact your lender to catch up first, then apply for refinancing.
How long does the refinancing process take?
Typically 30-45 days from application to funding, depending on document completeness and appraisal timing. Faster decisions are possible with complete documentation.
Will refinancing hurt my credit score?
There may be a small initial impact from the credit inquiry, but consolidating debt actually improves your credit over time by reducing your debt-to-income ratio and simplifying your payment history.
What if I want to refinance but my business is new (less than 2 years old)?
While established businesses have an advantage, newer businesses can qualify with strong projections, solid financial performance, and demonstrated cash flow. Contact us to discuss your specific situation.
Are there prepayment penalties with SBA 7(a) loans?
No, SBA 7(a) loans typically allow prepayment without penalty. You can pay off the loan early to save on interest if your cash flow improves.
Ready to Lower Your Debt Payments?
Get pre-qualified in minutes with our AI-powered analysis. Find out how much you could save with an SBA 7(a) refinancing loan and get on the path to better cash flow.