SBA Express Loan

Small Business Loans
SBA Express Loans

What is an SBA Express Loan? 

An SBA Express loan is part of the SBA 7(a) program, offering loans that are partially guaranteed by the U.S. Small Business Administration and issued by approved lenders.


  • Lower borrowing maximums compared to standard 7(a) loans.
  • Faster funding times.
  • Competitive interest rates and flexible repayment terms.

SBA Express Loan Terms and Rates

  • Loan Types: Term loan or line of credit.
  • Maximum Guarantee: 50% by the SBA.
  • Loan Amount: Up to $500,000.
  • Repayment Terms:
    • Working capital, equipment, and inventory: Up to 10 years.
    • Real estate purchases: Up to 25 years.
    • Revolving lines of credit: Up to 10 years.
  • Interest Rates: Set by the lender but subject to SBA maximums.
  • Fees: Vary based on loan size; waiver options available for specific cases.
  • Collateral:
    • Not required for loans under $50,000.
    • Follows lender policies for loans over $50,000.
  • Funding Speed: Depends on the lender.

SBA Export Express Loan

  • For Export Businesses: Tailored for businesses focused on export.
  • Differences from Standard Express Loan:
    • Higher maximum SBA guarantee.
    • Shorter repayment period for lines of credit.
    • Varying funding speed.

Frequently Asked Questions

An SBA Express loan is a type of loan offered under the Small Business Administration’s 7(a) program. It is partially guaranteed by the SBA and is issued by banks and other approved lenders. The key features of an SBA Express loan include lower borrowing maximums (up to $500,000) and faster funding times compared to standard 7(a) loans.

You can borrow up to $500,000 with an SBA Express loan. This loan can be in the form of either a term loan or a line of credit, depending on your business needs.

To qualify for an SBA Express loan, your business must meet the SBA’s definition of a small business, operate for profit within the United States or its territories, have reasonable owner equity to invest, and be unable to secure similar credit from non-government sources. Individual lenders may also have their own financial requirements, such as a minimum FICO score, strong annual revenue, and a minimum duration of business operation.

SBA Express loans can be used for a wide range of business purposes, including working capital, business expansion or renovation, equipment purchases, real estate purchases, and debt refinancing. However, there are certain restrictions, like specific conditions under which you can refinance existing business debt.

The processing time for an SBA Express loan varies depending on the lender. While these loans are designed for faster approval and disbursement compared to standard SBA loans, it may still take several weeks to complete the entire funding process.

Comparing SBA Express Loan and 7(a) Loan

  • Loan Maximum: Express loans have a lower maximum compared to 7(a) loans.
  • Approval Time: Express loans feature faster approval.
  • Guarantee: Less guarantee percentage for Express loans.

Pros and Cons of SBA Express Loans

  • Pros: Flexibility in loan type, competitive rates, long repayment terms, faster turnaround, easier qualification due to government guarantee.
  • Cons: Maximum loan amount limit, stringent eligibility requirements, potential for extended funding time.

SBA Express Loan Requirements

  • Eligibility Criteria: Small business status, for-profit operation in the U.S., reasonable owner equity, and credit unavailability from non-government sources.
  • Lender Requirements: May include minimum FICO score, annual revenue, and business operation duration.
  • Collateral and Personal Guarantee: Specifics based on the loan amount and business ownership.


How to Apply for an SBA Express Loan

  1. Evaluate Financing Needs: Assess the required funding amount and intended use.
  2. Check Qualifications: Review credit score, cash flow, business duration, and SBA criteria.
  3. Compare Lenders: Look for SBA-approved lenders like Chase and Citizens Bank; consider SBA Preferred Lenders for expedited processing.
  4. Documentation and Application: Prepare necessary forms and financial statements.
  5. Application Review and Funding: Post-application process and expected timeline.

SBA Bolt Pre-Qualification

If you operate under a business name that differs from the legal business name, enter the name here.
Check the box if your business is a franchise
Does your business operate out of your home?
Does your business operate out of your home?
Must be 9 digits.
MM slash DD slash YYYY
Business Street Address 1
Enter dollar amount

The Bolt loan provides working capital proceeds. The SBA requires lenders to identify how the working capital will be utilized by the business:

Use of Proceeds (Provide dollar amount where applicable): Combined total must not exceed requested loan amount

The BOLT loan proceeds are for working capital needs only. Working capital does not include equipment purchases or debt refinancing. Proceeds for these expenses would require an SBA loan outside of the BOLT loan parameters and therefore may require additional documentation and processing time.

Tell Us About the Business Ownership:

(If more than one owner, please make sure to complete the additional owners section)
Primary Business Owner's Name(Required)

Contact information for this owner/principal:

Primary Owner Home Street Address(Required)
MM slash DD slash YYYY

Additional Information

Complete the below for any additional owners/principals that own 20% or more of the business:

Upload Documents:

Upload a color copy of the owner's driver's license
Max. file size: 128 MB.
Upload the most recent filed business federal tax return
Max. file size: 128 MB.
Upload the 2nd most recent filed business federal tax return
Max. file size: 128 MB.
Upload the most recent filed personal tax return
Max. file size: 128 MB.