Yes, it is possible to refinance an SBA 504 loan.

The Small Business Administration (SBA) 504 loan program provides long-term, fixed-rate financing for the purchase of fixed assets, such as real estate and equipment, to small businesses. The SBA 504 loan is typically structured as a partnership between the small business, a lender, and a Certified Development Company (CDC).

If you have an existing SBA 504 loan and would like to refinance it, you can do so by applying for a new SBA 504 loan. The process for refinancing an SBA 504 loan is similar to the process for obtaining a new SBA 504 loan. You will need to submit a loan application and provide documentation about your business, such as financial statements and a business plan.

The SBA 504 loan program has some specific requirements that must be met to qualify for a loan.

For example, your business must be small as defined by the SBA, and you must have a good credit history and be able to demonstrate that you can repay the loan.

There are several benefits to refinancing an SBA 504 loan. For example, you can get a lower interest rate, which can save you money over the life of the loan. Additionally, you may be able to extend the repayment term of the loan, which can help to reduce your monthly payments. Finally, refinancing an SBA 504 loan can allow you to take advantage of new technologies or equipment that may have become available since you took out the original loan.

It's essential to thoughtfully consider the terms of a new SBA 504 loan before deciding to refinance your existing loan. You should also consult a financial advisor or lender to determine whether refinancing is the best option for your business.