Program to refinance commercial investments

The U.S. Small Business Administration can now refinance commercial real estate investments through its 504 Certified Development Company lending program. The program, which is now part of the American Recovery and Reinvestment Act of 2009, allows small businesses to borrow up to 90 percent for purchases of commercial real estate. “All of these steps, along with other Recovery Act provisions, are aimed at increasing access to capital and giving small businesses just what they need to help lead our nation’s economic recovery,” SBA Administrator Karen Mills said in a statement.