SBA loan length refers to the duration over which a loan from the Small Business Administration (SBA) must be repaid. SBA loans are typically long-term loans, with repayment periods ranging from 5 to 25 years. The specific length of the loan will depend on the type of loan, the amount borrowed, and the borrower’s creditworthiness.
The SBA offers a variety of loan programs designed to meet the needs of small businesses. These programs include the 7(a) loan program, the 504 loan program, and the microloan program. Each program has its own unique set of requirements and eligibility criteria. However, all SBA loans share some common features, including long repayment periods and low interest rates.