Talk to our financial professionals. Loans under the program are available for most commercial purposes, including purchasing real estate, machinery, equipment, and inventory, or for working capital. The loans cannot be used for speculative purposes. Maturity is up to 10 years for working capital and up to 25 years for fixed assets. SBA business loans are preferred by small business owners because the term can be as long as 25 years, with no balloon payments.
Few industries are ineligible.
Most small businesses are eligible for SBA business loans, but some commercial enterprises are ineligible. The majority of U.S. businesses are eligible for SBA business loans, provided the meet minimum requirements. The proceeds of SBA business loans can be used for most commercial purposes. The franchisee must have the right to profit from efforts commensurate with ownership. Convalescent and nursing homes are eligible, provided they are licensed by the appropriate government agency and services rendered go beyond those of room and board.