📺 Are there any Pre-Payment Penalties on SBA working Capital loans?
Alex McAloon, CEO of Fastway SBA, answers one of the most frequently asked questions
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- No Prepayment Penalties for Working Capital Loans – You can repay your SBA working capital loan early without extra costs.
- Potential Penalties for Real Estate & Equipment Loans – Some real estate and equipment financing programs may have prepayment penalties.
- Flexible Repayment Options – Businesses can pay off loans early to save on interest without worrying about penalties (for eligible loan types).
Written By
Alex McAloon
September 16, 2024
Alex McAloon, CEO of Fastway SBA, answers one of the most frequently asked questions - "Are there any Pre-Payment Penalties on SBA working Capital loans?"
Transcript:
There are no prepayment penalties on the working capital programs, so you can get funded and pay it off immediately with no additional cost; however, there may be prepayment penalties on some of the real estate or equipment financing programs.
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