SBA Express Loan Terms

SBA Express Requirements →

Finance Your Small Business or Startup With an SBA Express Loan

Running a small business isn't easy. Especially when you're short on funds.

With an SBA Express small business loan, you can receive up to $500,000 to take your business to new heights — whether that's buying a competitor, covering working capital, or even acquiring real estate.

The possibilities are endless. The timeline isn't.

SBA Express loans can be approved in as little as two to three days.

Financing terms are incredibly solid, too, thanks to the SBA's 50% guarantee of the loan amount.

Our team connects borrowers with SBA Express lenders every day. By leveraging our expertise and extensive lender contacts, we ensure your business gets the financing it needs — at the best possible terms.

How Can Funds From an SBA Express Loan Be Used?

The SBA enforces limitations on how a business owner can use the funds provided. The funds must be used in accordance with the guidelines for SBA 7(a) loan usage. That said, SBA loans are well known to cover a wide variety of central business activities, making them an invaluable resource for any small business. 

Acceptable Uses

• Providing long-term working capital
  Accounts payable, purchasing inventory, and other operational expenses 

• Providing short-term working capital
  Seasonal financing, contract performance, and/or export

• Purchasing equipment, furniture, machinery, supplies, and materials

• Covering construction or renovation costs

• Establishing or acquiring a new business, or expanding an existing business

• Refinancing existing business debt (though restrictions apply)

Prohibited Uses

• Reimbursing an owner for previous personal investment into the business

• Repaying delinquent taxes

• Affecting changes (including to ownership) that will not have a positive effect on the business

• Any purpose not deemed a sound business purpose as determined by the SBA

Got any further questions or concerns regarding these rules? Talk to one of our lending professionals at any time.

Why Choose an SBA Express Loan Over Other Forms of Financing?

Though it's often a last resort for business owners who have been denied commercial loans, the SBA Express loan offers huge value. Here are three ways:

1. There's no better option on the market when it comes to turnaround time.
2. Approval rates are high, thanks to the SBA's guarantee of the loan. If you have less-than-perfect credit history, this can make a huge difference.
3. It's an easy small business loan to apply for, especially using our marketplace. Complete one short form to get started.

Do I Qualify for an SBA Express Loan?

Qualifying for an SBA Express loan is pretty simple. There are a few requirements, like operating your business within the United States and not having any existing debt obligations to the government. The criteria aren't nearly as strict as you might think.

The SBA emphasizes the few types of businesses that don't qualify, such as:

• Financial institutions engaged in lending

• Life insurance companies

• Consumer marketing cooperatives

• Speculative businesses 

• Businesses engaged in pyramid or multilevel sale plans

• Businesses that can attribute more than one-third of gross annual revenue to gambling activities

• Businesses that promote or partake in any illegal activities

SBA Express Loans provides a definitive list of qualifications for the SBA Express loan.