As an SBA approved lender we are also able to offer SBA loans under the various SBA loan programs. These include shorter term loans of 3 to 7 years for such items as equipment acquisition, leasehold improvements or longer term loans of up to 20 years for real estate financing purposes. These programs can be particularly useful for business expansion and acquisition. SBA loans can offer longer terms and in some cases lower down payment requirements, compared to other types of business financing. The longer terms available with SBA loans can offer lower monthly payments to free up cash flow for other business uses. The 504 lending program offers up to a 20 year fixed interest rate on 40% of the loan. Because the loan is partially backed by a government guarantee, it is often available when other types of financing are not.