A closer look at the best long-term business loansBest for repayment terms up to 25 yearsU.S. Small Business AdministrationSBA 7(a) loanMaximum term length: 25 years.For-profit U.S. business.Unable to access credit on reasonable terms from nongovernment sources.Financial qualifications determined by individual lender.ProsLarge borrowing maximums.Interest rates are capped.Long repayment terms available.ConsPersonal guarantee is required.Collateral is typically required.Longer processing times than online lenders.Bank of America Business Advantage Unsecured Term LoanBest for low interest ratesBank of AmericaBank of America Business Advantage Unsecured Term LoanMaximum term length: 60 months.Minimum credit score: 700. Minimum time in business: 24 months.Minimum annual revenue: $100000 .ProsBank loan with competitive…