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June 20, 2016

Small firms can use SBA loans to refinance property

  • The loans can be used for buildings, land and machinery and equipment.
  • By JOYCE M. ROSENBERG
    AP Business Writer

    Small businesses will again be able to use Small Business Administration loans to refinance mortgages and loans on real estate and some types of equipment.

    The SBA has issued regulations that allow the loans — previously available only to buy, expand or improve property — to be used to refinance existing debt. The agency will begin accepting applications June 24.


     
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