I am semi-familiar with the advantages, what are the disadvantages? I was reading a banks website that said the advantages are;

* SBA loans are available for up to 25 years,fully amortized

* SBA loans can be for up to 90% of loan-to-value on first trust deeds

* SBA loans can be used to refinance owner-occupied commercial property

* SBA loans have no pre-payment penalties

* SBA loans are available to $1,000,000…or more

* SBA loans are excellent for leasehold improvements

so is the only draw-back the fact that the loan amount has to be so small and I would imagine the rate are aern't as favorable, but are they drastically different?

Well i am not that versed on these,but we did have an attorney come in and do a lengthy commercial class.She specifically mentioned the sba loans being hell with the paperwork,delays,etc. and that they were not easy to do.

Hey thanks for the heads-up! I know that the principal also has to provide ongoing financial documentation. I think that would be a pain.