Do I have to pay back an SBA loan?

Typically, an SBA loan is exactly that, a loan. While the rates and terms are typically very favorable compared to a conventional commercial loan (7 years for working capital loans, 10 years for new equipment purchases, and 25 years for real estate purchases), the CARES-funded loans are intended as economic stimulus, and most business owners will likely find them even better.

  • Payroll Protection Program funds are intended to offset