90%, except on loans in excel of $1,666,666. Since SBA’s exposure is capped at $1.5 million, the guaranty will gradually decline to 75% at the $2 million level

Loans less than 7 years – prime plus 2.25%. Loans 7+ years – prime plus 2.75%, plus a maximum additional rate of 1% if the loan is less than $50,000 and 2% if less than $25,000

For profit businesses that qualify as “small” under SBA size standards and cannot borrow on reasonable terms from commercial lenders without government help.

5 to 7 years for working capital; 25 years max for real estate. Maximum – useful life for machinery and equipment, 10 for all other loan purposes