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SEDA-COG SBA 504 Blog

Available Terms for SBA 504 Loans

by reichard on Tuesday, January 27, 2015 11:00 AM

Looking beyond eligibility of SBA 504 loans, this week’s blog focuses on one of the details of the loan program – loan terms.  In this case, what the length of the loan can be.  While other economic development loans allow for a blended term if there are mixed-use assets being financed (i.e. real estate and equipment), the SBA 504 loan has two term options – 10 years or 20 years.  The amortization of the loan matches the term so there are no balloon payments at the end of the term. - more

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