Small Business Blog
Top 5 Reasons to Get an SBA Express Loan in 2023
The SBA Express loan is an extremely versatile financing tool for any small business. Learn five of the most common reasons business owners choose them.
SBA Express Loans for Veterans
If you’re a veteran who wants to get an SBA Express loan , the Small Business Administration is committed to making the process as easy as possible. Through the SBA’s Veteran Advantage program, veterans and other qualified individuals, such as the widowed spouses of veterans, can qualify for a vari
SBA Express Loans for Retail Stores
If you want to start a retail business, or you want to take your current retail store to new heights, an SBA Express loan can help in a number of key ways.
What is the Express Bridge Loan Pilot Program?
The Express Bridge Loan Pilot Program is a new SBA loan program which allows existing SBA Express lenders to offer expedited disaster loans of up to $25,000 to small businesses. The program, which officially began in Oct. 2017, permits lenders to offer these loans up to 6 months after a federally
What Are the Current Interest Rates for SBA Loans? | Daily Updates
SBA Express loans are currently offered at interest rate of 4.5% to 6.5% above the prime rate. As of August 2023, the WSJ prime rate was 8.50%.
SBA Express Loans for Self Storage Companies
There are more than 20,000 self-storage and warehousing businesses in the U.S., earning an estimated $25 billion in revenue and employing almost 240,000 people. Find out how to finance yours.
What is an SBA (Small Business Administration) Loan?
In short, an SBA loan is a type of business loan that is guaranteed by the U.S. Small Business Administration, or SBA, and has a variety of uses from real estate acquisitions to working capital.
SBA Express Loans for Restaurants
Learn how your restaurant could take advantage of an SBA Express loan to finance working capital, equipment purchases, and much more.
SBA Express Loans vs. Standard SBA 7(a) Loans
Let's review some of the major differences between the SBA's standard 7(a) and Express loans.
Can You Get an SBA Express Loan for a Franchise?
Are SBA Express loans available for franchises? In many cases, the answer is yes. Hundreds of franchises are eligible for SBA financing, but they must be approved by the SBA first.
SBA Express Loans for Car Washes
In 2017, the car wash industry generated an estimated $11 billion in revenue across the U.S., employing more than 215,000 workers. From 2013-2018, the industry grew at an average rate of 3.6% per year— making it a great time to start or expand a car wash business.
SBA Express Loans for Bars and Clubs
If your bar or club needs quick financing for working capital, real estate, equipment purchases, and more, an SBA Express loan could be a great option.
SBA Express Loans for Car Dealerships
There are more than 16,000 franchised car dealerships and more than 20,000 independent dealerships across the U.S., generating nearly $1 trillion in annual revenue.
SBA Express Loans for Catering Companies
In 2017, catering companies around the U.S. generated $12 billion in revenue and employed nearly 270,000 American workers. From 2013 to 2018, the industry grew at average rate of 1.8% per year, and, as corporate profits and expendable income continue to improve in the next few years, the catering in
Can You Use an SBA Express Loan to Buy Out a Partner?
Yes. The SBA Express loan is a fantastic way to buy your partner’s share of a business. Whether they’re leaving due to retirement, the desire to move somewhere else, or simply want to try starting a business in a new industry, SBA Express loans can get you up to $500,000 in funds.
SBA Express Loans for HVAC Firms
Right now, the HVAC industry in the U.S. generates more than $90 billion in revenue each year— and that number is estimated to increase to a staggering $130 billion by 2020. So, if you’re looking for financing to start, expand, or even refinance debt on your HVAC company, an SBA Express loan might
SBA Express Loans for Preschools and Daycare Centers
In 2017, the preschool and daycare industry took in nearly $50 billion in revenue across the U.S., employing more than 1.6 million workers. Plus, the daycare industry is expected to keep growing in the next few years, making it an excellent time for new business owners to get into the market. So
Can You Use SBA Express Loans to Refinance Business Debt?
If you currently have small business debt, an SBA Express loan can be a great way to refinance it. While it’s common for businesses to take on debt to expand their operations, if your debt is on unreasonable terms, and you have trouble affording your monthly payments, the debt could be significant
SBA Express Loans for Doctor's Offices
Medical practices may need financing to purchase equipment, buy out a partner, and many other things. Find out how the SBA Express loan can help.
Coronavirus and SBA Express Loans
SBA loan options for small businesses impacted by the COVID-19 coronavirus include SBA Economic Injury Disaster Loans, SBA express loans, and SBA 7(a) loans.
SBA Express Loans for Computer Repair Companies
Computer repair companies are among the most popular types of small business across the country, with more than 57,000 business across the U.S. bringing in around $18 billion of revenue per year.
SBA Express Loans for Plumbing Companies
There are over 110,000 plumbing businesses in the United States, employing more than half a million workers and generating an estimated $93 billion in revenue each year. And, as any homeowner or business owner knows, having a good plumber is essential if you want to keep your pipes working and your
SBA Express Loans for Auto Repair Shops
In 2017, auto repair industry generated an estimated $67 billion in revenue across the United States, employing nearly 560,000 workers. From 2013-2018, the industry grew approximately 2.7% per year, which means that it could be a great time for current auto shop owners to expand their businesses.
How Long Does It Take an SBA Express Loan to Get Approved?
Most SBA Express loans are can go from initial application to funding within 45-60 days. However, some lenders can close these loans in as little as 30 days. However, no matter what SBA lender you work with (or what business you’re in), the more prepared you are when it comes time to apply for an