SBA Announces Support for Small Business Debt Refinance

Washington, DC – SBA Associate Administrator Jeanne A. Hulit announced the agency’s support for an extension of the 504 Debt Refinance program at a Senate Roundtable including Sen. Mary Landrieu (D-LA) and Sen. Jim Risch (R-ID), Chairman and Ranking Member of the Senate Small Business Committee Thursday. Pointing to over 400 small business borrowers seeking to unlock over $500 million by refinancing old, expensive debt on the last day of the temporary program as it expired last year, Hulit said the benefits of the program are clear and the SBA fully supports reinstating it. “The demand is still there,” Hulit said.

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