^redacted‌ - The SBA SOP is the most authoritative source but the basics are that partial standby is the easiest way so 2 years of no payments but interest can accrue, then the loan can amortize and the note cannot have a balloon.

Just wanted to mention that I recently worked with Ishan Jetley to get an SBA loan. I was very impressed with his knowledge of the most recent SBA SOPs and would highly recommend him to any searcher that is planning on using debt financing. as part of their acquisition strategy! He is super knowledgeable and was crucial in helping me close my recent acquisition.