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Is there a penalty for paying off my SBA loan early?

by Persnickety's, Window Shopper

  • Created: March 1, 2012, 10:22 pm
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Is there a penalty for paying off an SBA loan early?

Tags: Discuss Popular Topics, Loans & Grants
‹ Ready, Fire, Aim My SBA Loan App Was Rejected Because I filed Schedule C! ›

paydayloanmission | Window Shopper | 3/5/2012 - 11:51 am

Depends what kind of loan you took and what did you agree to in your contract. Your best bet would just be to contact the loans issuing bank and find out everything you need to know. No one on this forum can answer that question without knowing what were the terms of your small business loan.
Professional Web Site: Payday Loans

Persnickety's | Window Shopper | 3/1/2012 - 10:45 pm

What kind of collateral is required? Cash? Non-owner occupied real estate? Owner occupied real estate? $ Portfolio? Business Plan on Merit?