SBA Loan Terms and Conditions

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SBA Loan Terms and Conditions
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Eligibility Criteria

• SBA loans are typically available to small
  businesses that operate for profit in the United
  States.
• Your business must meet the SBA's definition of a
  small business, which varies by industry.
• Certain industries may have additional
  eligibility requirements.

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Collateral

• While SBA loans generally require collateral, the
  SBA will not decline a loan if you lack
  sufficient collateral. Instead, they may require
  additional measures to secure the loan.
• Collateral requirements vary based on the loan
  program and the lender's policies.

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Interest Rates

• SBA loan interest rates are typically competitive
  and may be fixed or variable.
• The rates are determined based on market
  conditions, the loan program, and your
  creditworthiness.
• Interest rates may be higher than traditional
  bank loans due to the government backing provided
  by the SBA.

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Prepayment Penalties

• Some SBA loans may have prepayment penalties if
  you repay the loan before the agreed-upon term.
• It's essential to understand any prepayment
  penalties before accepting the loan terms.

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Apply SBA Trucking Loans Now
Call 15168596300
Email sales_at_aspirecapitals.com