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85% of loans under $150,000, 75% for loans over $150,000. Interest rates. Cannot exceed SBA set maximum. Repayment terms. 5 to 10 years for working capital loans, 25 years for real estate loans ...
One of the best aspects of these loans is that interest rates begin as low as 11.5% for an SBA loan greater than $350,000. These favorable rates mean you'll save a substantial amount of money over ...
SBA 7(a) loan rates. SBA lenders will offer an interest rate based on your creditworthiness and financial profile. ... SBA loan rates are current as of March 2024, calculated with the current ...
Maximum loan amount: $350,000. Interest rate: For loan amounts $50,000 or less: Wall Street Journal Prime plus 6.5 percent; for loan amounts between $50,001 and $250,000: WSJ Prime plus 6 percent ...
To get an SBA loan, you apply through an SBA-approved lender. This will require extensive documentation, including personal and business financial statements, a business plan and SBA-specific ...
Interest rate limits: There is a cap on the maximum interest rate for SBA loans. It’s equal to a base rate, such as prime, plus a percentage. ... Because SBA loans have low rates and are backed ...
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