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.
Features:
- Lower borrowing maximums compared to standard 7(a) loans.
- Faster funding times.
- Competitive interest rates and flexible repayment terms.
Fast Application
Complete our QUICK 10-second online form and get matched with an offer the same day and GET PAID!
Advisor at No Cost
You'll be connected with your very own dedicated Business Financing Advisor, completely free of charge!
Larger Payouts
Discover financing options that provide the highest funding amounts to best suit your financial needs.
Same Day Funding
The SPEED in our Fintech process allows underwriting completion in just a few hours AND same-day funding!
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.
Fast 10-Second
Business Loan Application
Once you complete our brief and straightforward application, Abstract Capital Group will connect you with a professional Business Financing Advisor. This expert is committed to understanding your unique business requirements and will guide you in choosing the most appropriate and beneficial financing options.
Our personalized approach ensures that the solutions we offer are precisely aligned with your business’s objectives and financial needs, providing you with optimal support for your business growth.
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.
To learn more about our SBA Express Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
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 learn more about our SBA Express Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
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.
To learn more about our SBA Express Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
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.
To learn more about our SBA Express Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.
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.
To learn more about our SBA Express Program, please fill out our Quick 10-Second Application to speak with a business finance specialist.