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85% of loans under $150,000, 75% for loans over $150,000. Interest rates. Cannot exceed SBA set maximum. Repayment terms. 5 to 10 years for working capital loans, 25 years for real estate loans ...
The most popular SBA loan programs are the 7(a) loans used for general funding needs and real estate or 504 loans, which are used for buying fixed assets like equipment that boost your business ...
Type of SBA loan. Description. 7(a) loan. Most popular SBA loan, used for general purposes, including working capital, equipment and real estate. 504 loan
If the financing is for real estate, as most 504 loans are, the CDC's loan is for twenty years at a fixed rate of interest. The fully amortized rate for loans funding in August 2010 was 4.931% (the number changes based on the rate for current 5-year and 10-year U.S. Treasury issues). The funds for these loans are raised through a monthly ...
The US Small Business Administration (SBA) does not make loans; instead it guarantees loans made by individual lenders. The main SBA loan programs are SBA 7(a) which includes both a standard and express option; Microloans (up to $50,000); 504 Loans which provide financing for fixed assets such as real estate or equipment; and Disaster loans. In ...
Small business loans usually range from $1,000 to $5 million. Different types of small business loans are designed to meet various funding needs. From long-term commercial real estate loans to ...
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