Program NameInterest rateFeesMaximum loan lengthMaximum loan amountPrepayment PenaltiesPayment frequency
Economic Injury Disaster LoansCannot exceed 4%Varies30 years$2.0 millionVariesVaries
Business Physical Disaster Loans4-8%Varies3 or 30 years$2.0 millionVariesVaries
Certified Development Company (CDC) (504) Loan ProgramPegged to an increment above 5 and 10 year Treasury IssuesYes10 or 20 year maturities$1 million (or $1.3 million for public policy goals)VariesMonthly
Microloan ProgramVariable, Maximum set by SBAVaries6 years$35,000NoneMonthly
Military Reservist Economic Injury Disaster Loan ProgramCannot exceed 4%No30 years$2.0 millionVariesMonthly
Equity Investment - Small Business Investment Company (SBIC) ProgramN/AN/AN/AN/AN/AN/A
Business and Industrial Loansvariesno more than two percentdepends on what loan is used foraverage: $10 milliondetermined by lender with approval by USDA as the loan guaranteerdetermined by lender with approval by USDA as the loan guaranteer
Indian Loan Guaranty, Insurance, and Interest Subsidy ProgramN/AN/AN/AN/AN/AN/A
7(a) Small Business LoanSubject to SBA maximums, tied to the Prime RateYes25 years for real estate, 7 years for working capital$2 millionYesYes