SBAExpress Program

What is an SBAExpress Loan?

The SBAExpress Program offers lines of credit as well as term loans. Like the SBA 7(a) Program, an SBAExpress loan gives small- to medium-sized businesses, established entrepreneurs, and professionals access to other resources for additional capital. The only difference between this type of financing and conventional financing is the government guarantee – which can be up to 50% of the loan amount.

Benefits of the SBAExpress Program include:

• Lines of credit.
• Term loans with longer amortizations.
• Lower equity investment requirements.

How much can I borrow?

Under this program, the maximum loan size is $350,000.

What terms and rates are available?

Lines of Credit:

• 1 to 7 years

Term Loans:

• Working Capital and Inventory: 7 years
• Equipment: 10 years
• Real Estate: 25 years

Interest Rate: Variable rate based on prime.

What can an SBAExpress loan be used for?

• Working Capital
• Inventory
• Business Acquisitions
• Equipment
• Real Estate
• Debt Refinancing

What is the definition of a small business?

There are size limitations (maximums) to qualify for an SBA loan, based on your business’s NAICS code. The following are guidelines; please contact us to discuss your particular business.

• Manufacturing – maximum 500 to 1,500 employees
• Wholesaling – maximum of 100 employees
• Services – maximum of $6.5 million to $23 million three years’ average gross sales
• Retailing – maximum of $6.5 million to $26.5 million three years’ average gross sales

Getting Started

To speak with our Government Lending specialists, call us at (800) 722-5945, contact us, or visit one of our local City National locations.