SBA Loan options to get out of Hard Money

[Bennett Schwartz]

HI BP,

I'm a little bit of a newbie and in the middle of my first two deals. I took out hard money for both of them and don't want to get stuck paying my high interest rates for however long this "break" in the market takes.

Any advice on how/if I can get a loan (SBA or another) for a lower interest rate in order to pay back my lenders? Does that strategy make any sense?

Thanks!