The SBA 504 Refinance Rules in Vermont Now

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Published: December 15, 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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SBA 7(a) & 504 Highlights

  • Loan amounts from $100,000 up to $15 million+ (program-dependent).
  • Up to 90% financing for eligible acquisitions, real estate, and equipment.
  • Use funds for working capital, refinance, expansion, and partner buyout.
  • Longer terms (up to 25 years on real estate) to keep payments manageable.
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Navigating SBA 504 Refinance Rules in Vermont: A Guide for Local Business Owners

John, a small business owner in Burlington, Vermont, faced a dilemma familiar to many entrepreneurs in the state. His business was thriving, but his existing commercial real estate loan came with high monthly payments that were starting to squeeze his cash flow. Searching for a solution, John discovered the SBA 504 refinance program, a game-changer for Vermont businesses like his.

In this article...

Understanding the SBA 504 Refinance Program

The SBA 504 refinance program allows small business owners to refinance existing commercial real estate debt at lower interest rates. It’s designed to help businesses improve their financial health by reducing monthly payments. This program is particularly beneficial for Vermont businesses, where the economic landscape is diverse but competitive.

For example, businesses in cities like Burlington, Montpelier, and Rutland can leverage this program to free up capital for expansion or operational improvements. With Vermont’s unique market conditions, including a mix of rural and urban challenges, the SBA 504 refinance offers a strategic advantage.

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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RatePrime + spread
Loan amounts$350K – $5M+
TermUp to 25 years
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  • Lower down payments vs banks
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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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  • Credit score requirement: Typically, a minimum score of 680 is needed.
  • Approval timeline: The process usually takes 30 to 60 days.

Common Mistakes Vermont Business Owners Make

Despite its benefits, navigating the SBA 504 refinance can be tricky. Here are common mistakes Vermont business owners often make:

  • Not meeting the minimum credit score requirement of 680.
  • Underestimating the documentation needed, leading to delays.
  • Failing to consider the long-term savings versus short-term costs.
  • Overlooking the importance of working with experienced financial advisors.

Case Study: A Vermont Success Story

Consider Sarah, who owns a manufacturing business in Montpelier. With a high-interest loan on her production facility, she struggled to manage her finances. By working with GHC Funding, she refinanced through the SBA 504 program, reducing her monthly payments by 20%. This allowed her to invest in new equipment, increasing productivity by 15% and boosting her annual revenue by $100,000.

Frequently Asked Questions

Here are some common questions Vermont business owners ask about the SBA 504 refinance:

  • What types of debt can be refinanced? Existing commercial mortgages, equipment loans, and other eligible business debts.
  • Is there a limit to the amount I can refinance? Yes, typically up to $5 million, but it can vary.
  • Can I refinance more than one loan? Yes, multiple loans can be consolidated.
  • Are there any prepayment penalties? This depends on the terms of your new loan.
  • How does the SBA 504 refinance affect my credit? It can improve your credit by reducing your debt burden.
  • What fees are involved? Expect standard closing costs, which can be rolled into the loan.

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Compare our top-rated commercial and investment property loan programs below.

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  • Working capital + business acquisition
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SBA 504 Loan
⭐ 4.9/5
  • Owner-occupied CRE
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Bank / CRE Loan
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  • Best for stabilized properties
  • Competitive rates
  • 12–25 year terms
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Compare Loan Types

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

Take the Next Step with GHC Funding

If you’re a Vermont business owner like John or Sarah, don’t let high-interest commercial loans hold you back. The SBA 504 refinance program could be the financial boost you need. Contact GHC Funding today to learn how we can help you navigate the process and secure your business’s future

Get a No Obligation Quote Today.


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