Small businesses applying for an SBA 504 loan can choose from a 10-, 20- or 25-year debenture. The 25-year term was only introduced about five years ago. Why the differences in terms? In short, options for extending the payment cycle gives small business borrowers the opportunity for lower monthly payments, which can significantly help their cash flow.
In this white paper, learn more about the SBA 504 program and the 25-year term option.