On the recordMarch 1, 2010
The SBA allows no refinancing of existing debt by the bank that currently holds the debt. This restriction . . . prohibits the borrower from obtaining new financing critical to continued success.
Source
congress.govJeff Merkley: “The SBA allows no refinancing of existing debt by the bank that currently holds the debt. This restriction . . .…”
Editor's note · Context
Merkley discusses the limitations of SBA's refinancing rules affecting borrowers.
Share
More from Jeff Merkley
Oct 2, 2026
The SRS program provides crucial payments that are a lifeline for rural communities here in Oregon and across America.
Oct 1, 2026
Immigration court proceedings must uphold fairness and rule of law and not be politicized to satisfy Donald Trump’s arbitrary detention quotas.
Oct 8, 2026
America today is larger, busier and more complex than the America our Founding Fathers designed the Senate and its rules to govern.
Oct 8, 2026
Every Oregon community needs the resources to keep young people safe, support children who have experienced abuse and neglect, and build stronger relationships between families and those who serve them.
Other voices in this conversation
