SBAEXPRESS PROGRAM

SBAEXPRESS Program

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

Term Loans:

• 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
• Inventory
• Business Acquisitions
• Equipment
• 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.