10 years for non-real estate loans; 25 years for real estate loans.
Interest Rates
SBA interest rates are slightly higher than conventional loans. Rate is negotiated with SBA lender and subject to SBA max interest rate. Learn more about SBA interest rates –>
None required but lender must secure all available collateral.
SBA loans versus traditional commercial loans
SBA loans are designed to provide access to financing for borrowers who may not qualify under more stringent underwriting standards of traditional commercial and industry (C&I) loans. On average, SBA loans have slightly higher interest rates than C&I loans but offer numerous benefits to otherwise not financeable borrowers, such as lower monthly payments and reduced collateral and no loan covenants.
