LENDER TRAINING: Refinancing Debt with an SBA Loan

Event description

When a small business owner needs cash fast, he or she often turns to high interest rate loans or other types of financing that is unsuitable. SBA lenders can use a loan to refinance these debts and consolidate them to reduce the payments and help businesses grow. During this training we'll go over the eligibility and credit requirements for debt refinance, including both 7(a) and 504 debt refinance.  What loans can and cannot be refinanced? What terms and conditions apply?  This program is being produced by the SBA Ohio district offices for the benefit of Ohio lenders, but all are welcome.