How to Refinance Your Variable Rate SBA 7a into a Fixed Rate SBA 7a Loan
How to Refinance Your Variable Rate SBA 7a into a Fixed Rate SBA 7a Loan
In this episode, we dive into refinancing an SBA 7a loan, specifically the possibility of refinancing a variable rate SBA 7a into a fixed rate SBA 7a loan. If you're currently dealing with an adjustable-rate SBA 7a loan and are looking for options to potentially lower your debt payment, this episode is for you!
Here's a sneak peek of what you'll learn:
1. The crucial steps to refinance your SBA 7a loan into a fixed-rate SBA 7a loan.
2. The importance of getting a written confirmation from your existing lender that they will not refinance your loan.
3. How to determine if you're eligible for a new SBA 7a loan by showcasing at least a 10% decrease in your debt payments.
4. Exciting fixed-rate options available that can potentially reduce your monthly debt costs.
5. The possibility of obtaining working capital in the refinancing process, depending on your cash flow.
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
Timestamps:
(00:02) - Introduction to SBA 7a loans and refinancing options
(00:14) - Requirements for refinancing and potential savings
(00:36) - Collaboration with different banks and credit unions
(01:03) - Information about variable and fixed rate options
(01:33) - Mention of including working capital in the new loan
(02:40) - Information about fees and payment structure
💥 Thanks for watching 💥
#SBA7a #adjustablerate #refinancing
About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
-
4:40
Investor Financing Podcast
1 year agoSBA Loan Refinancing Options: Moving from SBA 7a to SBA 504 for Better Rates and Terms
18 -
3:11
Investor Financing Podcast
1 year agoSBA 7a Fixed Rate Options
-
2:37
Investor Financing Podcast
1 year agoDoes SBA Do 100 Percent Financing?
4 -
4:11
Investor Financing Podcast
6 months agoSBA 504 Financing: Explaining Loan-to-Cost
10 -
3:04
Investor Financing Podcast
1 year agoHow to finance a laundromat using SBA financing [SBA 7a or SBA 504]
7 -
3:04
Investor Financing Podcast
1 year agoHow to finance a laundromat using SBA financing [SBA 7a or SBA 504]
9 -
49:13
goodsamaritancapitalist
1 year agoHow to Purchase Real Estate with an SBA Loan
15 -
1:43
Investor Financing Podcast
10 months agoHow to Get 100 Percent Commercial Real Estate Financing with an SBA 7a Loan
7 -
1:57
Investor Financing Podcast
10 months agoIs a Fixed-rate SBA 7a Loan Really a Myth? Get the Facts & Find Out Now
8 -
9:36
Investor Financing Podcast
1 year agoHow to Find the Best Lender for an SBA 7a Loan
22