Glossary · The loan itself
In short
A different type of SBA loan, the 504, primarily used for real estate and equipment, can be refinanced. This is distinct from a 7(a) loan, which is more flexible for business acquisitions.
While a 7(a) loan can be used to refinance existing business debt, the SBA 504 Refinance is a specific program for refinancing 504 loans or other commercial real estate debt. It's not the primary tool for buying an existing business, so don't confuse its purpose with a 7(a) acquisition loan.
13 CFR Part 120 — Business Loans
Office of the Federal Register · Federal regulation
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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