Does anyone have any insight or experience shares on refinancing a bridge loan with a SBA loan. This would be a true third-party loan and not a seller note. Am interested in this approach as it would speed up the closing of a pending acquisition while at the same time providing a route to the lowest possible cost financing. This approach appears to be possible if you can demonstrate a 10% improvement in debt payments, however, I'm concerned I might run into other roadblocks like a minimum ownership period before the loan can be refinanced.

Am aware that the rules have changed on this somewhat recently per the below.

https://cdn.ymaws.com/www.naggl.org/resource/resmgr/sops/SOP_50_10_7_effective_08.01..pdf
https://starfieldsmith.com/2023/07/best-practices-debt-refinance-requirements-under-sop###-###-#### /

Am also aware of the many general SBA restrictions having had a SBA loan on previous acquisition that was exited (located in the U.S., eligible business, personal guaranty, etc.).

Thanks in advance!