So far do you get on the SBA 7(a) loan?
Normal SBA loans are up to $5 million, with an SBA loan guarantee of 85 percent for loans up to $150,000 and 75 percent for loans above $150,000. The terms for SBA loans SBA 7a loans are 25 years for the property and 10 years for equipment, working capital, or inventory.
SBA sets the maximum interest rate, but you and your lender can trade within this limit. Interest rates are based on the base rate, loan size, and loan maturity.