Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the terms of the SBA 504 loan?

April 26, 2017loan SBA terms

0

Posted

What are the terms of the SBA 504 loan?

1 Answer

0

Posted

SBA 504 loans used for the acquisition of real estate have a term of 20 years, while equipment loans typically have a term of 10 years. The SBA 504 loan has a low interest rate, which is fixed for the term of the loan. The interest rate is based on a spread over the current market rate for 10-year U.S. Treasury issues and is determined when the loan funds.