How An SBA Express Loan Can Help Your Small Business
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How An SBA Express Loan
Can Help Your Small
Business
Table of Content
Introduction……………………………………..……………….…………………………. 3
Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021
2
Features of SBA Express Loan …..………………....….…………………………. 3
Qualification Requirement …....….……………....………………...…………….… 4
Advantages of SBA Express Loan For Small Business..….…...……...…. 4
Quick Response Time ………....….……………....………………...………...…… 5
Streamlined Application Process ………………………..…….…...……………..  5
Flexibility of Use ………………………..............................……….…...……………..  5
Introduction
The  U.S  Small  Business  Administration  provides  different  types  of
loan products that help entrepreneurs successfully start and grow their
small businesses. The SBA doesn’t provide these loans directly but it
Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021
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collaborates  with  commercial  lenders  to  offer  funds  to  small
businesses.
The SBA Express loan is a part of  SBA’s 7(a) loan program that is
designed  to  make  funding  easier  and  faster.  The  overall  funding
process of  the SBA Express loan is  simple and you don’t  need to
provide  endless  documentation.  Once  approved,  you  can  get  the
funds into your bank account in just as little as 48 hours. These loans
are a great  option for small  business owners who need immediate
working capital to keep their businesses afloat.
Features of SBA Express Loans:
Loan Amount Up to $350,000
Interest Rate 5%-10%
Repayment Terms  Up to 7 years
Funding Time As soon as 2 days
Security May not require collateral for loans up to $25,000
Qualification Requirements:
To qualify for an SBA Express loan, your business must be:
● Operate for profit
Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021
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● Engage in operation in the U.S, or its territories
● In business for at least 2 years
● A credit score of 680 or above
● No delinquencies on any previous government loans
● Able to show a need for a loan and how it will be used in your
business.
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Advantages  of  SBA Express  Loans for
Small Businesses:
The SBA Express  loan  program offers  numerous  benefits  to  small
businesses that have failed to get financing from traditional lenders.
The loan application and approval process are relatively fast and term
lengths are very attractive.
Quick Response Time:
Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021
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SBA  Express  loans  are  usually  faster  than  most  other  SBA  loan
programs.  Moreover,  there  are  fewer  SBA-mandated  forms  and
procedures. If you need immediate access to cash to run and grow
your small business, an SBA Express loan could be your best option.
Once approved, you can get the funds in as little as 48 hours.
Streamlined Application Process:
The  SBA  Express  loan  process  is  streamlined  because  it  doesn’t
require many of the financial requirements that are included with other
SBA programs. As a result, this financing option offers small business
owners a quick and simple way to make their loans more affordable.
Flexibility of Use
The  borrowed  amount  from  SBA
Express  loans  can  be  used  for  a
variety  of  purposes  in  your  small
business,  from  buying  equipment  to
acquiring  a  business,  purchasing
materials,  hiring  staff,  paying  bills,
investing  in  real  estate,  and  taking
your business to the next level.
When  applying  for  an  SBA Express
loan, always research different options before finalizing one. You can
find and compare a variety of SBA Express loan offers using an
online lending marketplace from multiple lenders and choose one
that best fits your current financial needs and budget.
Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021
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Prepared By: Dave Smansha     For: Small Business Owners    
02/03/2021