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Content tagged with: SBA 7(a) Prepayment Penalties

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Aug 26, 2022

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

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