# Small Business Jobs Act: 504 Loan Program Debt Refinancing
> **US Small Business Administration** · Final rule. · Published 2011-10-12 · Effective 2011-10-12 · 76 FR 63151
## Document
- **Document number:** 2011-26311
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 76 FR 63151
- **CFR reference:** 13 CFR 120
- **Publication date:** 2011-10-12
- **Effective date:** 2011-10-12
## Abstract

This rule finalizes the interim final rule that implemented section 1122 of the Small Business Jobs Act of 2010, which authorizes projects approved for financing under Title V of the Small Business Investment Act to include the refinancing of qualified debt. As a result of comments received, this final rule amends the interim final rule to authorize the financing of business expenses as part of a Refinancing Project, to allow the Third Party Loan to be at least as much as the 504 loan instead of requiring that the Third Party Loan provide at least 50% of the financing, and to revise the definition of qualified debt. Other aspects of the interim final rule are adopted as final without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/10/12/2011-26311/small-business-jobs-act-504-loan-program-debt-refinancing)
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