Your loan is assumable...

if you are selling the building, a qualified buyer can assume your loan for a $1,000 assumption fee – the pre-payment penalty does not apply in this instance.

You can refinance your first trust deed loan without pre-paying your SBA loan...

Generally, your first trust deed loan has a higher interest rate than the SBA 504 loan. If you decide to refinance this first trust deed loan, CDC will subordinate to a straight refinance (cash-out may be allowed if the proceeds are used for building improvements) of your first trust deed loan – CDC charges no fees for this service.

You may be able to substitute collateral on your loan...

if you are selling the building, SBA will consider a substitution of collateral which will allow you continue making payments on your SBA loan and not have to pre-pay it – CDC charges no fees for this service.

You have a semi-annual pre-payment date...

you can minimize the interest due by pre-paying your loan the month before your semi-annual date. If you must pre-pay your loan, you may want to consider structuring the pre-payment around this date.

You might have a pre-payment premium...

there is a pre-payment premium for the first ten years of your loan. While it declines each year, you may want to take this into consideration if you are considering pre-paying your loan.