SBA EXPRESS LOAN
SBA Express loans are the standard form of Express loan available to eligible small businesses operating in the U.S. or its territories.
Approval times are much shorter than for most SBA loans. These loans can be expected to close in less than 40 days.
Loan amounts are available up to $500,000, with terms of 10-15 & 25 years.
7(a) loans can be used for acquiring businesses, refinancing debt, improving real estate/buildings, purchasing real estate, purchasing equipment as well as working capital.
All SBA loan rates are based on the prime rate.