Just refinanced my SBA loan and saved $800/month

LaundryMogul✓March 19, 2026

Rates have come down enough that it finally made sense to refinance. Went from 10.5% to 8.25% on a $380K balance. Monthly payment dropped from $4,400 to $3,600. If you took an SBA loan in 2023-2024, it's worth making some calls.

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Replies (3)

AlllIn✓just now

Did you refinance through the same lender or shop around? And were there any prepayment penalties on the original loan?

LaundryMogul✓just now

Shopped around. Original lender wouldn't budge. New lender is a credit union that does a lot of SBA deals. No prepayment penalty — SBA 7(a) loans over $50K do have a prepayment fee in the first 3 years but mine was past that.

MikeBuysBusinesses✓just now

Good move. That $800/month goes straight to the bottom line. A lot of operators forget that refinancing is an option once rates shift.