• SBA loans offer longer repayment terms than other types of loans. Instead of 3 to 5 years, SBA loans typically features terms from 7 to 25, depending on the use of proceeds. Therefore, your monthly payments are smaller;
• There are no balloon payments or call dates with SBA loans;
• SBA loans are fully amortizing;
• SBA loans may be paid off early without prepayment penalties;
• SBA loans do not need to be renewed each year;
• SBA loans are fully assumable;
• Banks are prohibited from charging "points" to obtain SBA loans;
• SBA loans require minimal equity injection by business owners;
• SBA loans offer competitive interest rates;
• SBA loans provide up to 90% loan to value on commercial real estate;
• SBA loans are available for start up businesses;
• You can receive multiple SBA loans up to a maximum of $2,000,000;
• Repayment is based on cash flow not collateral.