Fit Small Business: Get Your Business Into Shape! › Forums › Small Business Finance Forum › If we are to borrow from SBA around $50,000 or lower with a repayment in 10 year › Reply To: If we are to borrow from SBA around $50,000 or lower with a repayment in 10 year
I’m happy to answer your question. As you may know, there are several SBA loan programs. The type of loan that is best for you depends upon several factors, including the size and term of the loan. If you want to finance $50,000 or lower for a term of up to 10 years, an SBA loan that fits into that criteria is the SBA 7a Loan, which is the most popular overall SBA loan. For more details on this and other SBA loan programs, see our article on Types of SBA Loans.
I hope that helps!