{"citation":"Can SBA refinance this debt?. SBA Express Loans, Janover Capital LLC (checked November 9, 2026). https://www.sbaexpress.loans/tools/can-sba-refinance-this/ Source: SOP 50 10 8.1, Appendix 14, 7(a) Debt Refinancing Requirements (p. 355) (https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx).","url":"https://www.sbaexpress.loans/tools/can-sba-refinance-this/","title":"Can SBA refinance this debt?","data_as_of":null,"checked":"2026-11-09","sources":[{"label":"SOP 50 10 8.1, Appendix 14, 7(a) Debt Refinancing Requirements (p. 355)","url":"https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"},{"label":"13 CFR § 120.201, refinancing unsecured or undersecured loans","url":"https://www.ecfr.gov/current/title-13/section-120.201"},{"label":"13 CFR § 120.130, restrictions on uses of proceeds","url":"https://www.ecfr.gov/current/title-13/section-120.130"},{"label":"SBA Information Notice 5000-877673, Question 8","url":"https://legacy.sba.gov/document/information-notice-5000-877673-guidance-frequently-asked-questions-related-recent-sba-procedural-notices"}],"data":{"rows":[{"section":"Debt type","group":"Debts SBA singles out","id":"mca","situation":"Merchant cash advance or other sales-based agreement","outcome":"Depends","rule":"A merchant cash advance can be refinanced only under conditions. It must be converted to a term loan and amortize for at least 24 months, with no new agreements since. An active agreement is not eligible.","citation":"SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355); SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement"},{"section":"Debt type","group":"Debts SBA singles out","id":"factoring","situation":"Factoring agreement","outcome":"Barred","rule":"Factoring agreements are not eligible for refinancing.","citation":"SOP 50 10 8.1, App. 14, Para. A.2 (Para. A begins p. 355)"},{"section":"Debt type","group":"Debts SBA singles out","id":"sbic","situation":"Debt owed to an SBIC or a New Markets Venture Capital company","outcome":"Barred","rule":"A 7(a) loan may not refinance debt owed to a Small Business Investment Company or New Markets Venture Capital Company.","citation":"SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.130(b); 13 CFR § 120.130(b)"},{"section":"Debt type","group":"Loans and lines","id":"term","situation":"Term loan from a bank, online lender or other creditor","outcome":"Not barred","rule":"A lender may refinance a non-SBA loan or other borrower debt from another lender if the new loan meets the 10% payment test.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt; SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount"},{"section":"Debt type","group":"Loans and lines","id":"loc","situation":"Revolving line of credit","outcome":"Depends","rule":"A revolving line can be refinanced when the original lender is unwilling to renew it. It can also be refinanced to restructure for a lower rate or longer term.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt"},{"section":"Debt type","group":"Loans and lines","id":"demand","situation":"Demand note or balloon debt","outcome":"Not barred","rule":"Debt structured with a demand note or balloon payment can be refinanced, and the 10% payment test does not apply.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt; SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount"},{"section":"Debt type","group":"Cards and home equity","id":"card","situation":"Business credit card balance","outcome":"Depends","rule":"Business credit card debt is eligible if the applicant certifies the proceeds were used exclusively for the business.","citation":"SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)"},{"section":"Debt type","group":"Cards and home equity","id":"heloc","situation":"Home equity line used for the business","outcome":"Depends","rule":"A home equity line is eligible if the applicant certifies the amount was used exclusively for the business.","citation":"SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)"},{"section":"Debt type","group":"Buying a business","id":"seller","situation":"Seller note from buying a business","outcome":"Depends","rule":"A seller note can be refinanced after it has been in place and current for 36 months.","citation":"SOP 50 10 8.1, App. 14, Para. A.1 (p. 355); App. 15, Para. C.2.a"},{"section":"Debt type","group":"Buying a business","id":"coo","situation":"Other debt used to buy a business","outcome":"On conditions","rule":"Debt used to finance a change of ownership of a going concern is eligible, under the Appendix 15 rules.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt; SOP 50 10 8.1, App. 15, Changes of Ownership"},{"section":"Debt type","group":"Existing SBA loans","id":"sba7a","situation":"Existing SBA 7(a) loan","outcome":"Depends","rule":"Proceeds may refinance existing 7(a) loans from other lenders if the Appendix 14 conditions are met. A lender's own 7(a) loan is limited.","citation":"SOP 50 10 8.1, App. 14, Para. A, Refinancing a 7(a) Loan of Another Lender"},{"section":"Debt type","group":"Existing SBA loans","id":"express_reissue","situation":"Existing SBA Express loan, same lender, before amortizing payments begin","outcome":"Not barred","rule":"A new SBA Express loan can refinance an existing one before amortizing payments begin. The new loan can run up to 10 years with no new revolving period.","citation":"SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.3 (p. 126)"},{"section":"Debt type","group":"Existing SBA loans","id":"sba504","situation":"Existing SBA 504 loan","outcome":"Depends","rule":"A 7(a) loan can refinance a 504 loan only in two cases. Both the third party loan and the 504 loan are refinanced together. Or the third party loan is paid in full and the 504 is refinanced as part of a larger expansion.","citation":"SOP 50 10 8.1, App. 14, Para. A, Refinancing a 504 with a 7(a) Loan"},{"section":"Debt type","group":"Other money you owe","id":"trade","situation":"Vendor bills or trade payables","outcome":"Not barred","rule":"The payment of trade payables is not considered debt refinancing, so these refinancing tests do not apply.","citation":"SOP 50 10 8.1, App. 14, Para. A, Other Conditions That Apply to Debt Refinancing"},{"section":"Debt type","group":"Other money you owe","id":"tax","situation":"Past-due taxes","outcome":"Depends","rule":"Proceeds may not pay past-due payroll, sales or similar trust taxes. Delinquent business income tax may be paid only with an approved IRS payment arrangement that is current.","citation":"13 CFR § 120.130(e); SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Payment of Delinquent Taxes"},{"section":"Debt type","group":"Other money you owe","id":"owner","situation":"Money the business owes an owner, officer or other associate","outcome":"Barred","rule":"Loan proceeds may not go to payments, distributions or loans to an Associate of the applicant. Ordinary compensation and changes of ownership are the exceptions.","citation":"13 CFR § 120.130(a); SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Restrictions on Uses of Proceeds"},{"section":"Debt type","group":"Other money you owe","id":"agent","situation":"Debt owed to a broker, packager or referral agent involved in this loan","outcome":"Barred","rule":"The SBA loan may not refinance a debt where the creditor is an Agent involved in the loan.","citation":"SOP 50 10 8.1, Sec. A, Ch. 4, Para. D, Agents"},{"section":"Debt type","group":"Other money you owe","id":"personal","situation":"Personal debt not used for the business","outcome":"Barred","rule":"Appendix 14 covers business debt, and a purpose that does not benefit the small business is not allowed.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt; 13 CFR § 120.130(f)"},{"section":"Debt type","group":"Other money you owe","id":"other","situation":"Other debt on the business's books","outcome":"Depends","rule":"Debt on the business balance sheet is eligible if the business tax returns show the interest expense on it.","citation":"SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt"},{"section":"Every refinance","group":"Every refinance","id":"current","situation":"Payment history","outcome":"Required","rule":"The debt must be current for at least the last 12 months or the life of the loan, whichever is less. Current means no required payment has remained unpaid more than 29 days.","citation":"SOP 50 10 8.1, App. 14, Para. A (p. 355)"},{"section":"Every refinance","group":"Every refinance","id":"loss","situation":"Creditor loss","outcome":"Barred","rule":"SBA-guaranteed loans may not pay a creditor in a position to sustain a loss.","citation":"SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.201"},{"section":"Every refinance","group":"Every refinance","id":"improve","situation":"New payment","outcome":"Required","rule":"The new installment must be at least 10% less than the existing installment amounts in aggregate. Demand notes, balloon debt, credit cards, home equity lines and certain revolving lines are exempt.","citation":"SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount"},{"section":"Every refinance","group":"Every refinance","id":"same","situation":"Same-lender debt","outcome":"On conditions","rule":"A lender may refinance its own debt only under the conditions in Appendix 14, and may not shift a potential loss to SBA.","citation":"SOP 50 10 8.1, App. 14, Para. A.4, Refinancing Same Institution Debt"}],"rules":{"id":"can-sba-refinance-this","path":"/tools/can-sba-refinance-this/","questions":[{"id":"debt","label":"What do you want to refinance?","req":true,"opts":[{"v":"mca","l":"Merchant cash advance or other sales-based agreement"},{"v":"factoring","l":"Factoring agreement","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Factoring agreements are not eligible for refinancing.","c":[["SOP 50 10 8.1, App. 14, Para. A.2 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Factoring agreements","/answers/can-an-sba-loan-pay-off-a-factoring-agreement/"]]},{"v":"sbic","l":"Debt owed to an SBIC or a New Markets Venture Capital company","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. A 7(a) loan may not refinance debt owed to a Small Business Investment Company or New Markets Venture Capital Company.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.130(b)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["13 CFR § 120.130(b)","https://www.ecfr.gov/current/title-13/section-120.130"]]},{"v":"term","l":"Term loan from a bank, online lender or other creditor","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A lender may refinance a non-SBA loan or other borrower debt from another lender if the new loan meets the 10% payment test.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["High-interest loans","/answers/can-an-sba-loan-refinance-a-high-interest-loan/"]]},{"v":"loc","l":"Revolving line of credit"},{"v":"demand","l":"Demand note or balloon debt","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Debt structured with a demand note or balloon payment can be refinanced, and the 10% payment test does not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Debts that skip the 10% test","/answers/which-debts-skip-the-sba-10-percent-test/"]]},{"v":"card","l":"Business credit card balance"},{"v":"heloc","l":"Home equity line used for the business"},{"v":"seller","l":"Seller note from buying a business"},{"v":"coo","l":"Other debt used to buy a business","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. Debt used to finance a change of ownership of a going concern is eligible, under the Appendix 15 rules.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 15, Changes of Ownership","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"sba7a","l":"Existing SBA 7(a) loan"},{"v":"express_reissue","l":"Existing SBA Express loan, same lender, before amortizing payments begin","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A new SBA Express loan can refinance an existing one before amortizing payments begin. The new loan can run up to 10 years with no new revolving period.","c":[["SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.3 (p. 126)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Reissuing an SBA Express line","/answers/can-an-sba-express-line-be-reissued/"]]},{"v":"sba504","l":"Existing SBA 504 loan"},{"v":"trade","l":"Vendor bills or trade payables","s":"ok","t":"Based on your answers, this debt appears to clear this rule. The payment of trade payables is not considered debt refinancing, so these refinancing tests do not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A, Other Conditions That Apply to Debt Refinancing","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"tax","l":"Past-due taxes"},{"v":"owner","l":"Money the business owes an owner, officer or other associate","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Loan proceeds may not go to payments, distributions or loans to an Associate of the applicant. Ordinary compensation and changes of ownership are the exceptions.","c":[["13 CFR § 120.130(a)","https://www.ecfr.gov/current/title-13/section-120.130"],["SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Restrictions on Uses of Proceeds","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Repaying money you lent your company","/answers/can-an-sba-loan-repay-money-i-lent-my-company/"]]},{"v":"agent","l":"Debt owed to a broker, packager or referral agent involved in this loan","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. The SBA loan may not refinance a debt where the creditor is an Agent involved in the loan.","c":[["SOP 50 10 8.1, Sec. A, Ch. 4, Para. D, Agents","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"personal","l":"Personal debt not used for the business","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Appendix 14 covers business debt, and a purpose that does not benefit the small business is not allowed.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["13 CFR § 120.130(f)","https://www.ecfr.gov/current/title-13/section-120.130"]],"n":[["Personal expenses","/answers/can-i-use-an-sba-loan-for-personal-expenses/"]]},{"v":"other","l":"Other debt on the business's books"}],"unless":{"prog":["p504"]}},{"id":"prog","label":"Which SBA program?","req":true,"opts":[{"v":"express","l":"SBA Express or 7(a) Small","s":"ok","t":"Based on your answers, this debt appears to clear this rule. All general refinancing requirements apply, a written credit memorandum is not required, and supporting documentation must be retained.","c":[["SOP 50 10 8.1, App. 14, Para. B.2 (Para. B begins p. 358)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"standard","l":"Standard 7(a), more than $350,000","s":"ok","t":"Based on your answers, this debt appears to clear this rule. All Appendix 14 requirements apply, including a written analysis and supporting documentation for each debt in the loan application.","c":[["SOP 50 10 8.1, App. 14, Para. A, When Refinancing Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. B.1","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"marc","l":"MARC (manufacturers' revolving credit)","s":"ok","t":"Based on your answers, this debt appears to clear this rule. MARC loans follow the general rules, with one added limit on the debt's original purpose.","c":[["SOP 50 10 8.1, App. 14, Para. B.3, MARC","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"wc_capline","l":"Working Capital CAPLine","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Working Capital CAPLines follow the general rules, with added limits on the debt.","c":[["SOP 50 10 8.1, App. 14, Para. B.4, Working Capital CAPLine","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"capline_other","l":"Contract, Seasonal or Builders CAPLine","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Contract, Seasonal and Builders CAPLines cannot refinance existing debt; Working Capital CAPLines may refinance only short-term revolving debt.","c":[["SOP 50 10 8.1, App. 14, Para. B.4-5 (Para. B begins p. 358)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Programs that cannot refinance debt","/answers/which-sba-programs-cannot-refinance-debt/"]]},{"v":"export_express","l":"Export Express","s":"ok","t":"Based on your answers, this debt appears to clear this rule. All general refinancing requirements apply to Export Express loans.","c":[["SOP 50 10 8.1, App. 14, Para. B.6, Export Express","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ewcp","l":"Export Working Capital","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. The general requirements apply, with exceptions. The loan being refinanced must be terminated after payoff, and refinanced debt must be supported by eligible collateral.","c":[["SOP 50 10 8.1, App. 14, Para. B.7, Export Working Capital Program","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"itl","l":"International Trade","s":"ok","t":"Based on your answers, this debt appears to clear this rule. All general refinancing requirements apply to International Trade loans.","c":[["SOP 50 10 8.1, App. 14, Para. B.8, International Trade","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"p504","l":"SBA 504","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. Appendix 14 covers 7(a) loans only. The 504 program has its own rules. Existing debt up to 100% of the expansion project cost can be refinanced if SBA's substantial benefit and other conditions are met. Qualified Debt can be refinanced under 13 CFR 120.882(g), up to 90% loan to value on a project that refinances only Qualified Debt.","c":[["SOP 50 10 8.1, Sec. C, Ch. 1, Para. C.11 (Para. C begins p. 226); 13 CFR § 120.882(e)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, Sec. C, Ch. 1, Para. C.10 (Para. C begins p. 226)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["504 refinancing without expansion","/answers/can-a-504-loan-refinance-debt-without-expansion/"]]},{"v":"ns","l":"Not sure yet","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Most 7(a) programs follow the general rules in Appendix 14. CAPLines and export loans have their own limits.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. B, Program-Specific Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}]},{"id":"mca_conv","label":"Has the original agreement been converted to a term loan?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Conversion to a term loan is the first requirement.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No, it is still active","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. If a Sales-Based Repayment Agreement is still active, it is not eligible for refinancing.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Getting out of a merchant cash advance","/guides/getting-out-of-a-merchant-cash-advance/"],["Applying with an active advance","/answers/can-you-get-an-sba-loan-with-an-active-merchant-cash-advance/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. Conversion to a term loan is the first requirement.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["mca"]}},{"id":"mca_amort","label":"Has it amortized as a term loan for at least 24 months?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. The converted loan must have amortized for at least 24 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. The converted loan must have amortized for at least 24 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. The converted loan must have amortized for at least 24 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["mca"],"mca_conv":["yes"]}},{"id":"mca_new","label":"Have any new advances or agreements been put in place since the conversion?","req":true,"opts":[{"v":"no","l":"No","s":"ok","t":"Based on your answers, this debt appears to clear this rule. No additional agreements may have been implemented since the conversion.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"yes","l":"Yes","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. No additional agreements may have been implemented since the conversion.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. No additional agreements may have been implemented since the conversion.","c":[["SOP 50 10 8.1, App. 14, Para. A.3 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 3, Definitions, Sales-Based Repayment Agreement","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["mca"],"mca_conv":["yes"]}},{"id":"loc_reason","label":"Why do you want to refinance the line?","req":true,"opts":[{"v":"norenew","l":"The lender is unwilling or unable to renew it","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A line the original lender will not renew can be refinanced, and the 10% payment test does not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"restructure","l":"To get a lower rate or a longer term","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A line restructured for a lower rate or longer term can be refinanced, and the 10% payment test does not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"other","l":"Some other reason","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. Outside those two reasons, a line can still count as general business debt, but the 10% payment test applies.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A line can be refinanced when the lender will not renew it or the business is restructuring for a lower rate or longer term.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["loc"]}},{"id":"card_cert","label":"Can you certify the balance was used only for business expenses and no ineligible purpose?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Business credit card debt is eligible if the applicant certifies the proceeds were used exclusively for the business. The 10% payment test does not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Business credit card debt is eligible if the applicant certifies the proceeds were used exclusively for the business.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. Business credit card debt is eligible if the applicant certifies the proceeds were used exclusively for the business.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["card"]}},{"id":"heloc_cert","label":"Can you certify the amount being refinanced was used only for the business?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A home equity line is eligible if the applicant certifies the amount was used exclusively for the business. The 10% payment test does not apply.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. A home equity line is eligible if the applicant certifies the amount was used exclusively for the business.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A home equity line is eligible if the applicant certifies the amount was used exclusively for the business.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["heloc"]}},{"id":"seller36","label":"Has the note been in place and current for at least 36 months?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. A seller note can be refinanced after it has been in place and current for 36 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355); App. 15, Para. C.2.a","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. A seller note can be refinanced after it has been in place and current for 36 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355); App. 15, Para. C.2.a","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A seller note can be refinanced after it has been in place and current for 36 months.","c":[["SOP 50 10 8.1, App. 14, Para. A.1 (p. 355); App. 15, Para. C.2.a","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["seller"]}},{"id":"sba7a_holder","label":"Who holds the existing 7(a) loan?","req":true,"opts":[{"v":"other","l":"Another lender","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Proceeds may refinance a 7(a) loan from another lender if the Appendix 14 conditions are met. Any subsidy recoupment fee still applies.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 7(a) Loan of Another Lender","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"same","l":"The same lender that would make the new loan","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. A lender may refinance its own 7(a) loan through delegated processing in only two cases. A secondary market investor will not agree to modified terms, or an increase in the existing loan is not possible.","c":[["SOP 50 10 8.1, App. 14, Para. A.4, Refinancing a Same Institution 7(a) Loan","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["A lender's own 7(a) loan","/answers/can-a-lender-refinance-its-own-7a-loan/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. The holder of the existing 7(a) loan decides which rule applies.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 7(a) Loan of Another Lender","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["sba7a"]}},{"id":"s504_scope","label":"What would be refinanced?","req":true,"opts":[{"v":"both","l":"Both the third party loan and the 504 loan","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Both loans may be refinanced together if the Appendix 14 conditions are met. Any 504 prepayment penalty still applies.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 504 with a 7(a) Loan","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"expand","l":"The third party loan is paid in full and the 504 is part of a larger expansion or renovation","s":"ok","t":"Based on your answers, this debt appears to clear this rule. This is allowed when the 504 loan is refinanced as part of a larger transaction for expansion or renovation. Any 504 prepayment penalty still applies.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 504 with a 7(a) Loan","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"tpl","l":"Only the third party loan","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. A 7(a) lender may not solely refinance the third party lender's loan for an existing 504 project.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 504 with a 7(a) Loan","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A 7(a) loan may not refinance only the third party loan on an existing 504 project.","c":[["SOP 50 10 8.1, App. 14, Para. A, Refinancing a 504 with a 7(a) Loan","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["sba504"]}},{"id":"tax_kind","label":"What kind of tax is past due?","req":true,"opts":[{"v":"trust","l":"Payroll, sales or other taxes collected and held in trust","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Proceeds may not pay past-due federal, state or local payroll, sales or similar trust taxes.","c":[["13 CFR § 120.130(e)","https://www.ecfr.gov/current/title-13/section-120.130"],["SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Payment of Delinquent Taxes","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"income_plan","l":"Business income tax, with an approved IRS payment arrangement I am current on","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. Delinquent business income tax may be paid if the applicant has an approved IRS payment arrangement and is current on it.","c":[["SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Payment of Delinquent Taxes","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"income_none","l":"Business income tax, with no IRS arrangement","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Delinquent business income tax may be paid only with an approved IRS payment arrangement that is current.","c":[["SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Payment of Delinquent Taxes","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. The tax type decides the answer.","c":[["13 CFR § 120.130(e)","https://www.ecfr.gov/current/title-13/section-120.130"],["SOP 50 10 8.1, Sec. A, Ch. 3, Para. B, Payment of Delinquent Taxes","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["tax"]}},{"id":"bs_tax","label":"Is the debt on the business balance sheet, and does the business tax return show its interest expense? Sole proprietors use Schedule C.","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Debt on the balance sheet is eligible if the business tax returns show the interest expense.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Debt must appear on the business balance sheet with the interest expense on the business tax returns.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. Debt on the balance sheet is eligible if the business tax returns show the interest expense.","c":[["SOP 50 10 8.1, App. 14, Para. A.1, Types of Business Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"debt":["other"]}},{"id":"marc_wc","label":"Was the original purpose of this debt working capital?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. MARC loan proceeds can refinance only debt whose original purpose was working capital.","c":[["SOP 50 10 8.1, App. 14, Para. B.3, MARC","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. MARC loan proceeds can refinance only debt whose original purpose was working capital.","c":[["SOP 50 10 8.1, App. 14, Para. B.3, MARC","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. MARC loan proceeds can refinance only debt whose original purpose was working capital.","c":[["SOP 50 10 8.1, App. 14, Para. B.3, MARC","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["marc"]}},{"id":"capline_rev","label":"Is this short-term revolving debt that will be terminated when the CAPLine pays it off?","req":true,"opts":[{"v":"yes","l":"Yes","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. A Working Capital CAPLine may refinance only short-term revolving debt that is terminated after payoff. Borrowing base or collateral must support the line, with the same collateral and lien priority.","c":[["SOP 50 10 8.1, App. 14, Para. B.4, Working Capital CAPLine","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. B.4-5 (Para. B begins p. 358)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. A Working Capital CAPLine may refinance only short-term revolving debt that is terminated after payoff.","c":[["SOP 50 10 8.1, App. 14, Para. B.4, Working Capital CAPLine","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. B.4-5 (Para. B begins p. 358)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A Working Capital CAPLine may refinance only short-term revolving debt.","c":[["SOP 50 10 8.1, App. 14, Para. B.4, Working Capital CAPLine","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["wc_capline"]}},{"id":"current","label":"Has every payment in the last 12 months, or the debt's life if shorter, been made within 29 days of its due date?","req":true,"opts":[{"v":"yes","l":"Yes","s":"ok","t":"Based on your answers, this debt appears to clear this rule. The debt must be current for at least the last 12 months or the life of the loan, whichever is less. Current means no required payment has remained unpaid more than 29 days.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"no","l":"No","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. The debt must be current for at least the last 12 months or the life of the loan, whichever is less. A loan that matured and went unpaid more than 29 days is not current.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["What current means","/answers/what-does-current-mean-for-an-sba-refinance/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. The debt must be current for at least the last 12 months or the life of the loan, whichever is less.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["mca","term","demand","card","heloc","loc","seller","coo","sba7a","express_reissue","sba504","other"]}},{"id":"loss","label":"Is the creditor taking a loss on this payoff, such as accepting less than the full balance?","req":true,"opts":[{"v":"no","l":"No","s":"ok","t":"Based on your answers, this debt appears to clear this rule. SBA-guaranteed loans may not pay a creditor in a position to sustain a loss.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.201","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"yes","l":"Yes","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. SBA-guaranteed loans may not pay a creditor in a position to sustain a loss. That includes any refinancing that shifts a potential loss to SBA.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.201","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["Creditors in a position to sustain a loss","/answers/what-is-a-creditor-in-a-position-to-sustain-a-loss/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. SBA-guaranteed loans may not pay a creditor in a position to sustain a loss.","c":[["SOP 50 10 8.1, App. 14, Para. A (p. 355); 13 CFR § 120.201","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["mca","term","demand","card","heloc","loc","seller","coo","sba7a","express_reissue","sba504","other"]}},{"id":"same","label":"Does the lender making the new loan already hold this debt?","req":true,"opts":[{"v":"no","l":"No","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Same-institution debt has extra requirements. This debt appears not to be same-institution debt.","c":[["SOP 50 10 8.1, App. 14, Para. A.4, Refinancing Same Institution Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"yes","l":"Yes","s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. A lender may refinance its own debt only under the conditions in Appendix 14, and may not shift a potential loss to SBA. The lender must keep a payment transcript for the prior 36 months, or the loan's life if shorter, and explain any late payments.","c":[["SOP 50 10 8.1, App. 14, Para. A.4, Refinancing Same Institution Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A.4 (Para. A begins p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["13 CFR § 120.452(a)(2)","https://www.ecfr.gov/current/title-13/section-120.452"]],"n":[["A bank refinancing its own loan","/answers/can-a-bank-refinance-its-own-loan-with-an-sba-loan/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. A lender may refinance its own debt only under the conditions in Appendix 14, and may not shift a potential loss to SBA.","c":[["SOP 50 10 8.1, App. 14, Para. A.4, Refinancing Same Institution Debt","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["mca","term","demand","card","heloc","loc","seller","coo","sba7a","express_reissue","sba504","other"]}},{"id":"purpose","label":"Was the debt originally taken for something SBA does not finance?","req":false,"opts":[{"v":"no","l":"No","s":"ok","t":"Based on your answers, this debt appears to clear this rule. Debt originally incurred for an ineligible purpose cannot be refinanced unless the condition causing the ineligibility no longer exists.","c":[["SOP 50 10 8.1, App. 14, Para. A, Other Conditions That Apply to Debt Refinancing","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},{"v":"yes","l":"Yes","s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Debt originally incurred for an ineligible purpose cannot be refinanced unless the condition causing the ineligibility no longer exists.","c":[["SOP 50 10 8.1, App. 14, Para. A, Other Conditions That Apply to Debt Refinancing","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["What an SBA loan cannot pay for","/answers/what-can-you-not-use-an-sba-loan-for/"]]},{"v":"ns","l":"Not sure","s":"ask","t":"Based on your answers, this appears to turn on a fact you are not sure about. Debt originally incurred for an ineligible purpose cannot be refinanced unless the condition causing the ineligibility no longer exists.","c":[["SOP 50 10 8.1, App. 14, Para. A, Other Conditions That Apply to Debt Refinancing","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}],"when":{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["mca","term","demand","card","heloc","loc","seller","coo","sba7a","express_reissue","sba504","other"]}},{"id":"improve","kind":"improve","label":"Monthly payments","req":false,"when":[{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["term","mca","seller","coo","sba7a","sba504","other"]},{"prog":["express","standard","marc","wc_capline","capline_other","export_express","ewcp","itl","ns"],"debt":["loc"],"loc_reason":["other"]}],"ratio":0.9,"pass":{"s":"ok","t":"Based on your answers, this debt appears to clear this rule. Your new payment of {neu} is at or below {max}, which is 10% under your current {old}. The new installment must be at least 10% less than the existing installment amounts in aggregate.","c":[["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},"fail":{"s":"stop","t":"Based on your answers, this debt appears not to be eligible for SBA refinancing. Your new payment of {neu} is above {max}, which is 10% under your current {old}. The new installment must be at least 10% less than the existing installment amounts in aggregate.","c":[["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["The 10% payment test","/answers/what-is-the-sba-10-percent-payment-test/"],["Estimate a payment","/sba-express-payment-calculator/"]]},"partial":{"s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. Your new payment would need to be {max} or less, which is 10% under your current {old}. The new installment must be at least 10% less than the existing installment amounts in aggregate.","c":[["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["The 10% payment test","/answers/what-is-the-sba-10-percent-payment-test/"],["Estimate a payment","/sba-express-payment-calculator/"]]},"none":{"s":"cond","t":"Based on your answers, this debt appears to be eligible only on conditions. The new installment must be at least 10% less than the existing installment amounts in aggregate. Enter your payments above to test yours.","c":[["SOP 50 10 8.1, App. 14, Para. A, Ten Percent Improvement to Installment Payment Amount","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"],["SOP 50 10 8.1, App. 14, Para. A (p. 355)","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]],"n":[["The 10% payment test","/answers/what-is-the-sba-10-percent-payment-test/"],["Estimate a payment","/sba-express-payment-calculator/"]]}}],"verdicts":{"empty":{"h":"Your result","p":"Choose what you want to refinance and the SBA program to see where your answers appear to land."},"stop":{"h":"Based on your answers, this debt appears not to be eligible for SBA refinancing.","p":"The rule behind that is below.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},"cond":{"h":"Based on your answers, this debt appears to be eligible only if the conditions below are met.","p":"Each condition is the lender's to confirm.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},"ask":{"h":"Based on your answers, the result appears to turn on facts you are not sure about.","p":"Confirm the items below, then check again.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},"incomplete":{"h":"Based on your answers so far, nothing appears to bar this refinance.","p":"{n} still blank above, so this is not a full check yet.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]},"ok":{"h":"Based on your answers, this debt appears to clear the Appendix 14 rules we checked.","p":"A lender still decides whether to make the loan.","c":[["SOP 50 10 8.1, App. 14, Para. A, General Requirements","https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx"]]}},"limits":"This reads your answers against SOP 50 10 8.1, Appendix 14. It does not check the rest of an application, and it is not a lending decision or legal advice. A lender makes the decision.","mcp":"check_sba_refinance","mcp_desc":"Works through SOP 50 10 8.1, Appendix 14 for one debt: merchant cash advances, term loans, cards, lines, seller notes and more. Returns where the answers appear to land, the rule for each finding, and a link to share the result. Not a lending decision."}}}