AEX Commercial Financing Group
Is SBA Loan Refinancing Possible?
One of the major drawbacks of an SBA loan has historically been the difficulty of refinancing the SBA business financing later. Recent developments have changed this business loan situation so that it is now more practical to refinance an SBA loan. It is still accurate to say that refinancing is not routinely available, but more importantly it is much easier to obtain than it was in prior years.
As with other AEX Commercial Financing Group services, SBA loan refinancing programs (as well as our time and advice) are designed to assist commercial borrowers and NOT commercial mortgage brokers or residential mortgage brokers. In keeping with this policy, SBA Loan services through AEX are available ONLY to a business borrower and their accounting - legal - business advisors and are NOT available to residential mortgage loan brokers or commercial mortgage loan brokers.
Because AEX specializes in difficult SBA loan - SBA loan refinancing and other complex commercial loan situations, it is important that we have direct communication with the commercial borrower from the earliest possible point of the business financing process. Borrowers who need help with difficult business loan and SBA loan situations should contact AEX Commercial Financing Group for working capital management advice and assistance.
Online Commercial Loan Applications
We want to provide a precautionary statement about the increasing use of online commercial mortgage and business financing applications. AEX Commercial Financing Group and Stephen Bush STRONGLY advise business borrowers NOT
to complete an online business finance application.
Online business financing applications are designed to encourage commercial borrowers to provide personal and business data to a lender before it is appropriate to do so. We are
referring to business finance sites that urge borrowers to "Fill out
our easy application!" before a borrower has even spoken to the lender. For many reasons, AEX does not make such an application available on our
websites. Our perspective is that a commercial borrower should never submit any application (online or otherwise) until after the borrower has a lengthy working capital management discussion with an experienced
business finance advisor to determine that a business loan is feasible for their specific business situation.