13 CFR 120.212
§ 120.212 What limits are there on loan maturities?
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 120.212, § 120.212 What limits are there on loan maturities?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52052
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Full text
The term of a loan shall be:
(a) The shortest appropriate term, depending upon the Borrower's ability to repay;
(b) Ten years or less, unless it finances or refinances real estate or equipment with a useful life exceeding ten years. The term for a loan to finance equipment and/or leasehold improvements may include an additional reasonable period, not to exceed 12 months, when necessary to complete the installation of the equipment and/or complete the leasehold improvements.
(c) A maximum of 25 years, including extensions. (A portion of a loan used to acquire or improve real property may have a term of 25 years plus an additional period needed to complete the construction or improvements.)
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.