What Are Typical Small-Business Loan Terms?

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Concerned about tariffs?
- Need emergency funding? Consider a business line of credit.
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- Want tips on how to mitigate the impact of tariffs? Read our guide.
How much do you need?
Typical loan terms overview
Loan type | Repayment term | Best for |
---|---|---|
Term loans | Up to 10 years. | Business expansion. |
Microloans | Up to seven years. | Startups and businesses with smaller funding needs. |
SBA loans | Up to 25 years. | Small businesses with good credit and available collateral. |
Business lines of credit | Up to five years. | Short-term, flexible financing. |
Invoice financing | A few months. | Cash advances based on unpaid invoices. |
Equipment financing | Up to 10 years. | Equipment purchases. |
Business loan repayment terms
Term loans: Up to 10 years
Microloans: Up to seven years
SBA loans: Up to 10 years for working capital and fixed assets; up to 25 years for real estate
Business lines of credit: Up to five years
Invoice financing: A few months
Equipment financing: Up to 10 years
Estimate payments to understand the cost of a business loan
Over the course of the loan, expect to pay
$0.00/mo
Payment breakdown
Payment date | Principal | Interest | Balance |
---|---|---|---|
Today | $0 | $0 | $0.00 |