You may already know that certain small business loans come with a short repayment timeline. This can be stressful for any business owner. With SBA Loans, you’re given more time to pay off your loan and properly determine how your capital can improve your business.
- SBA loans have the longest repayment terms
- Payment schedules don’t affect your business
- For equipment, monthly payments can last up to 10 years
- For working capital, monthly payments can last up to 7 years
This is considerably more flexible than other loans, which sometimes require repayment within months.