How long is the repayment term for an SBA guaranteed loan?
The repayment term of a Small Business Administration (SBA) guaranteed loan is generally between five and 25 years, depending on the life of the assets being financed and the cash needs of the business. For example, a real estate loan would be the longer term, while working capital loans (inventory & accounts receivable) have five- to 10-year terms. The SBA also has short-term loan guarantee programs. It’s important to point out that the SBA guarantees small business loans that are actually made by banks and other financial institutions. Talk with your lender about the SBA loan guarantee program, or contact your local SBA office.
