SBA 504 Refinance Rules in Georgia for Business Now

GHC Funding
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Published: December 23, 2025
Categories: blog
Reading Time: 3 minutes read
Article Credits

Contributing Author & Editorial Review

This article was crafted and reviewed by experienced professionals to ensure accuracy and practical insight.

GHC Funding

GHC Funding

Contributing Author

Jordan focuses on real estate finance, small business capital, and practical investing strategies for growth-minded entrepreneurs.

Taylor Morgan

Taylor Morgan

Senior Editor

Taylor reviews content for clarity, compliance, and real-world relevance to ensure every article meets professional standards.

Content is provided for educational purposes and does not constitute legal, tax, or financial advice. Please consult your own advisors before making decisions.

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Understanding SBA 504 Refinance Rules in Georgia: A Real Business Owner’s Guide

In the bustling city of Atlanta, Georgia, Maria, a dedicated bakery owner, found herself burdened with a high-interest commercial loan that was stifling her business’s growth. Like many entrepreneurs, Maria sought ways to reduce her financial strain without halting her expansion plans. This is where the SBA 504 Refinance Program stepped in, offering a lifeline to small business owners like her across Georgia.

In this article...

What is the SBA 504 Refinance Program?

The SBA 504 Refinance Program is designed to help business owners refinance existing debt tied to commercial real estate. It offers fixed-rate financing, which can significantly lower monthly payments and free up cash flow for other business needs. This is particularly beneficial in Georgia, where the market conditions are dynamic and business expenses can fluctuate.

  • Available for owner-occupied commercial real estate
  • Offers long-term, fixed-rate financing
  • Can include eligible business expenses

Why Georgia Businesses Benefit

Georgia’s diverse economy, from the tech hubs of Atlanta to the agricultural richness of South Georgia, presents unique challenges. The flexibility and stability of the SBA 504 program are vital for navigating these challenges, especially when it comes to managing debt in an unpredictable market.

Need capital? GHC Funding offers flexible funding solutions to support your business growth or real estate projects. Discover fast, reliable financing options today!

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SBA 7(a) Loan

Best for: Owner-occupied commercial real estate
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Loan amounts$350K – $5M+
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  • Good if your business occupies 51%+
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SBA 504 Loan

Best for: Large CRE acquisitions & refinancing
★★★★★ 4.7/5 (101 reviews)
RateFixed, low CDC rate
Loan amounts$500K – $12M+
Term10, 20, 25 years
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  • Low fixed rates through CDC portion
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  • Often lower down payment than bank loans
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For business owners in cities like Savannah and Macon, where commercial real estate prices are on the rise, refinancing can provide much-needed financial relief. This program helps them capitalize on opportunities without the burden of high-interest debt.

Key Requirements and Approval Process

To qualify for the SBA 504 refinance, Georgia business owners must meet certain criteria:

  • Credit Score: Typically, a minimum score of 680 is required.
  • Approval Time: The process can take 45 to 60 days.
  • Eligibility: The business must be operational for at least two years.

Working with a knowledgeable lender like GHC Funding can streamline this process, ensuring that all documentation and requirements are met efficiently.

Common Mistakes to Avoid

Georgia business owners often make several mistakes when applying for refinancing:

  • Inaccurate Financial Statements: Ensure all financial documents are up-to-date and accurate.
  • Ignoring Eligibility Requirements: Carefully review all program criteria before applying.
  • Delaying the Application: Start the process early to avoid any last-minute issues.
  • Choosing the Wrong Lender: Partner with experienced lenders who understand Georgia’s market.

Case Study: A Savannah Success Story

Consider John, a restaurant owner in Savannah. He faced rising property costs and sought a way to manage his finances better. By refinancing through the SBA 504 program, John reduced his monthly payments by 30%, allowing him to invest in a new outdoor seating area. This move not only increased his revenue but also enhanced his restaurant’s appeal.

Frequently Asked Questions

  • What types of debt can be refinanced? Any debt related to owner-occupied commercial real estate.
  • Can I include other business expenses? Yes, eligible expenses can be included in the refinance.
  • What are the interest rates? Rates are competitive and fixed, offering long-term stability.
  • Is there a prepayment penalty? Typically, there is no penalty, but it’s best to confirm with your lender.
  • How does this affect my credit? Successfully refinancing can improve your credit by reducing debt load.
  • What documents are needed? Financial statements, tax returns, and debt details are required.

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⭐ 4.9/5
  • Working capital + business acquisition
  • Up to $5M
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SBA 504 Loan
⭐ 4.9/5
  • Owner-occupied CRE
  • Low fixed rates | 25-year terms
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Find the Right Financing for Your Real Estate or Business Project

Loan Type Best For Rates Terms Highlights Apply
DSCR Loan Rental properties (LTR & STR) 5.99%+ 30-year fixed, IO options No income docs, fast approvals, great for investors Check My Rate
Construction Loan Ground-up, fix & build, major renovations 8%–12% depending on scope 12–24 months interest-only Flexible draws, great for builders & developers Get a Quote
SBA Loan Business acquisition, working capital, CRE Prime + spread 10–25 years Lowest down payments, long terms, best for business growth See My Options

Contact GHC Funding for Expert Guidance

Are you a Georgia business owner considering refinancing your commercial real estate debt? Contact GHC Funding today to explore your options and secure the financial future of your business. Our team of experts is ready to assist you every step of the way.

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