WASHINGTON -- Small companies that borrowed through the Small Business Administration's Section 503 may soon be able to prepay their loans without the current drastic penalties.

Under pending legislation, all Section 503 borrowers would be allowed to prepay under Section 504's "market-type" prepayment plan - one less dramatically influenced by interest rates.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.