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SBA Express

SBA Express trades size for speed. The lender uses its own delegated authority instead of waiting on the SBA, so an answer arrives in days rather than weeks. Amounts are smaller and the guarantee to the lender is lower, which means credit standards are tighter — but for a working capital line or a modest equipment purchase it is usually the fastest SBA money available.

• ●Decisions in days, because the lender approves it, not the SBA
• ●Smaller amounts than a standard 7(a)
• ●Can be a term loan or a revolving line of credit
• ●Less paperwork than a standard 7(a)
• ●Tighter credit standards, because the lender carries more of the risk