If we are to borrow from SBA around $50,000 or lower with a repayment in 10 year
what is the best option available with respect to interest rates?
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!
You must be logged in to reply to this topic.
Not signed in?
Sign in to participate on our website!
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.