SBA SOP 50 10 8, B.Ch3.B.3 — Loan Maturities
Verbatim text of SBA SOP 50 10 8 section B.Ch3.B.3 (Loan Maturities), effective 2025-06-01. 1 provision(s) quoted from the SOP PDF. SBA's own document page serves superseded editions, and the SOP is further amended by policy notices — read this with the notices that touch it.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8, B.Ch3.B.3 — Loan Maturities — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
SOP 50 10 8 B.Ch3.B.3
3. Loan Maturities 13 CFR § 120.212 The loan term must be the shortest appropriate term based on the use of proceeds and the Borrower’s ability to repay. Working Capital, Contract, and Seasonal CAPLines The maximum maturity on a Working Capital, Contract, or Seasonal CAPLine is 10 years. Any CAPLine with a maturity of less than 10 years can be renewed as long as the total revolving repayment period does not exceed 120 months. The renewal is an extension of maturity (not a new loan). Thus, the loan number remains the same. If the original maturity was for 12 months or less, and the new maturity exceeds 12 months, an additional guaranty fee will be due. See Section A, Ch. 5, Para. C.1.a.v., Additional Guaranty Fee for Extensions of Short- Term Loans. Builders CAPLines 13 CFR § 120.396 The loan must not exceed 60 months plus the estimated time to complete construction or rehabilitation. All CAPLines must have an exit strategy. Final disbursement should occur far enough in advance of maturity so that a sufficient amount of time is available for the assets acquired with proceeds to be converted back to cash and final payment. Contract, Seasonal, and Builders CAPLines that finance a single transaction should have a maturity tied to the seasonal cycle, contract completion date, or project completion date. Loan maturity must not exceed the period of the guaranty.
Operationalizing SBA SOP 50 10 8, B.Ch3.B.3 — Loan Maturities
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Source of record: https://claudeforcompliance.com/regs/sba-sop-b-ch3-b-3/
· register sba-sop-b-ch3-b-3 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.