Refinance Seller Note into SBA Debt

searcher profile

May 27, 2025

by a searcher from University of Utah in Salt Lake City, UT, USA

Hello I am under contract on a company that is willing to do a seller note for lets say 80% of the business and I put 20% down. I want to refinance the seller note into SBA debt ASAP after closing. i would like to talk to lenders who have actually refinanced several seller notes and who can do it in 6-12 months or less post closing and have done that before preferably. I have some specific questions. Please reach out thank you.
0
6
112
Replies
6
commentor profile
Reply by a lender
from University of Missouri in Denver, CO, USA
As Brad said, it will be two years before you can refinance the note. During those two years, you will need to make monthly payments of principal and interest. Happy to discuss further.
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Unfortunately it is not allowed. There is a two year period required before you can refinance a seller note into an SBA 7A loan. And you have to have made payments on that seller note for it to qualify for a refinance. If you would like to discuss this further you can reach me here or directly at redacted
commentor profile
+4 more replies.
Join the discussion