The term of a SBA 7(a) loan is based upon the use of proceeds-
25 YEARS REAL ESTATE
25 YEARS REAL ESTATE DEBT REFINANCE
10 YEARS EQUIPMENT
10 YEARS WORKING CAPITAL
10 YEARS BUSINESS ACQUISITION
10 YEARS BUSINESS DEBT REFINANCE
The primary benefit of a SBA is that they are typically amortized over a longer period of time than a conventional SBA loan.
ALL SBA LOANS ARE FULLY AMORTIZED!
That means there is no balloon payment.