SBAExpress Loan: Government Guarantee Up to 50%
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.
Your Small Business can benefit from SBAExpress Program with:
- Lines of credit.
- Term loans with longer amortizations.
- Lower equity investment requirements.
Borrow up to $350,000*
- Under the SBAExpress Loan Program, your Small Business can obtain a maximum loan size of $350,000.
Terms and Rates for SBAExpress Loans
Lines of Credit: Terms of 1 to 7 years
- Working Capital and Inventory: 7 years
- Equipment: 10 years
- Real Estate: 25 years
Interest Rate: Variable rate based on prime.
Your Small Business Can Use an SBAExpress for:
- Working Capital
- Business Acquisitions
- Real Estate
- Debt Refinancing
Business Size Determines Eligibility
Your Small Business must fit certain size limitations (maximums) to qualify for an SBAExpress loan, based on your business's NAICS code. Please contact a SBA Loan Specialist to discuss your particular business.