Depending on the loan amount and purpose, the term can be very different. If
you require a short term loan such as for inventory or equipment that can be
repaid promptly from revenue, I'd suggest looking into the Micro loan
providers in your area. SBA has a list here online that will give you the
contacts. Good luck
kmurray | Community Moderator |
5/23/2012 - 8:34 am
The repayment term on an SBA loan is generally between five and twenty-five years depending on the life of the assets being financed and the cash needs of the business. Working capital loans (inventory and accounts receivable) should be repaid in five to ten years. The maximum loan maturity for real estate is 25 years and 10 years for equipment. (The SBA also has short-term loan guarantee programs.)
Actionwriter | Window Shopper | 5/24/2012 - 6:32 pm
you require a short term loan such as for inventory or equipment that can be
repaid promptly from revenue, I'd suggest looking into the Micro loan
providers in your area. SBA has a list here online that will give you the
contacts. Good luck
nozume07 | Window Shopper | 5/24/2012 - 12:35 am
kmurray | Community Moderator | 5/23/2012 - 8:34 am
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