The SBA Express loan program can be used to finance a wide variety of business purposes and features loan amounts up to $350,000 and a simpler application process (compared to other SBA loan programs).
SBA Express loans can be used to finance business acquisitions, expansions, franchise financing, Commercial Real Estate purchase, working capital and equipment and can be issued as a term loan or a line of credit.
Benefits
SBA Express loans can be used to finance business acquisitions, expansions, franchise financing, Commercial Real Estate purchase, working capital and equipment and can be issued as a term loan or a line of credit.
Benefits
- No SBA guaranty fee – on loans less than $125,000
- Easier application processing – simple loan application process expedites loan turnaround
- SBA guarantee program – assists businesses in qualifying for loans they want
- More flexible – Often with longer repayment terms and lower down payments than conventional bank loans
- No prepayment fees – for loans with repayment terms less than 15 years
