Features & Benefits

  • Loan amounts can be up to $5,000,000, with a maximum guaranty at $3,750,000.
  • Requires down payments as low as 10%, which is typically lower than traditional financing.
  • Down payments can vary, depending on use of loan proceeds.
  • Offer longer repayment terms, resulting in lower monthly payments.

Other Key Facts

  • Repayment terms can be up to 10 years for inventory, working capital and machinery & equipment and 25 years for commercial real estate.
  • SBA 7(a) loans are fully amortized
  • No balloon payments
  • No prepayment penalty on loans with maturity less than 15 years
  • Real estate loans must be owner-occupied, and meet certain occupancy percentage requirements