Posts tagged SBA 7(a) Prepayment Penalties
Do SBA 7(a) Loans Have Prepayment Penalties?

Like many kinds of loans, SBA 7(a) loans do have prepayment penalties, which are fees designed to compensate a lender should a borrower decide to pay off their loan early. Since lenders depend on getting interest payments for a specific number of years when they issue a loan, prepayment penalties provide them a degree of financial protection.

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