13 C.F.R. § 120.212 What limits are there on loan maturities?
Title 13 - Business Credit and Assistance
The term of a loan shall be: (a) The shortest appropriate term, depending upon the Borrower's ability to repay; (b) Ten years or less, unless it finances or refinances real estate or equipment with a useful life exceeding ten years; and (c) A maximum of 25 years, including extensions. (A portion of a loan used to acquire or improve real property may have a term of 25 years plus an additional period needed to complete the construction or improvements.)
Title 13: Business Credit and Assistance
PART 120—BUSINESS LOANS
Subpart B—Policies Specific to 7(a) Loans
§ 120.212 What limits are there on loan maturities?
