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Anyone ever refinanced an SBA loan ?
Posted on 11/9/25 at 10:54 am
Posted on 11/9/25 at 10:54 am
Have a 7a business loan, keeping options open tp refinance if rates improve. Currently 6.5%. Wondering about fees, red tape , etc.
2
Posted on 11/9/25 at 11:47 am to lgtiger
nope. My EIDL loan is at 3.5%
at that rate i will milk it for a long long time. terms are 30 years, think i have 25 left on it.
at that rate i will milk it for a long long time. terms are 30 years, think i have 25 left on it.
Posted on 11/9/25 at 11:58 am to lgtiger
Depends on your bank. We used the expansion loan to acquire another business and they consolidated the original loan. The fees were significantly less than the original loan and took about 15 days because the reduction in red tape.
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