Loan amount | Up to $5.5 million* |
Maximum SBA guarantee | Up to 40% |
Interest rates | Approximately 3% of debt; based on an increment above current market rate for 10-year U.S. Treasury issues |
Repayment terms | 10-, 20- and 25-year maturity terms |
Down payment | 10% |
Collateral required? | Yes |
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