Meet the SBA’s definition of a small business. Operate a for-profit business in the United States or its territories. Demonstrate your ability to repay the loan. Be unable to access the desired ...

Any loan offer’s final interest rate and terms will depend on your qualifications. Before committing to a small-business loan, it’s a good idea to calculate the overall cost you’ll be paying.

For example, prepayment penalties can apply on 7(a) loans with maturities of 15 years or longer if a borrower prepays 25% or more of the outstanding loan balance ... small business loan for your ...