https://www.sbaexpress.loans/SBA Express loan guidance for small business owners.en-ushttps://www.sbaexpress.loans/blog/top-reasons-to-get-an-sba-express-loan/https://www.sbaexpress.loans/blog/top-reasons-to-get-an-sba-express-loan/Fri, 19 May 2023 00:00:00 +0000The SBA Express loan is an extremely versatile financing tool for any small business. Learn five of the most common reasons business owners choose them.https://www.sbaexpress.loans/blog/sba-express-bridge-loans/https://www.sbaexpress.loans/blog/sba-express-bridge-loans/Fri, 26 Aug 2022 00:00:00 +0000The 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 federallyhttps://www.sbaexpress.loans/blog/what-is-an-sba-loan/https://www.sbaexpress.loans/blog/what-is-an-sba-loan/Fri, 26 Aug 2022 00:00:00 +0000In 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.https://www.sbaexpress.loans/sba-express-glossary/working-capital/https://www.sbaexpress.loans/sba-express-glossary/working-capital/Fri, 26 Aug 2022 00:00:00 +0000Working capital is the amount of capital that is available for the day-to-day operations of a business. Working capital is typically used to pay for regular expenses, such as utility bills, employee payroll, rent, inventory, and marketing costs.https://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-guaranty-fee/https://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-guaranty-fee/Fri, 26 Aug 2022 00:00:00 +0000Borrowers must pay a guaranty fee for their small business loan depending on the loan proceed amount.https://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-export-express-loan-program/https://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-export-express-loan-program/Fri, 26 Aug 2022 00:00:00 +0000The SBA Export Express loan program offers quick-approval loans to established businesses that intend to start exporting or require funds for export activities.https://www.sbaexpress.loans/sba-express-glossary/sba-microloans/https://www.sbaexpress.loans/sba-express-glossary/sba-microloans/Fri, 26 Aug 2022 00:00:00 +0000SBA microloans, which are some of the easiest SBA loans to get approved for, range in size between $500 and $50,000.https://www.sbaexpress.loans/sba-express-glossary/what-is-an-sba-7-a-loan/https://www.sbaexpress.loans/sba-express-glossary/what-is-an-sba-7-a-loan/Fri, 26 Aug 2022 00:00:00 +0000An SBA 7(a) loan is the loan program guaranteed by the Small Business Administration for loans of up to $5,000,000 for any small busness.https://www.sbaexpress.loans/sba-express-glossary/what-is-an-sba-504-loan/https://www.sbaexpress.loans/sba-express-glossary/what-is-an-sba-504-loan/Fri, 26 Aug 2022 00:00:00 +0000SBA 504 financing is restricted to land purchase, renovations, and long-term use equipment and machinery. SBA 504 financing is long-term, fully amortized without a balloon payment.https://www.sbaexpress.loans/sba-express-glossary/what-is-a-debt-service-coverage-ratio-dscr/https://www.sbaexpress.loans/sba-express-glossary/what-is-a-debt-service-coverage-ratio-dscr/Fri, 26 Aug 2022 00:00:00 +0000Debt Service Coverage Ratio refers to a borrower's ability to repay debt obligations.https://www.sbaexpress.loans/sba-express-glossary/what-is-a-cdc/https://www.sbaexpress.loans/sba-express-glossary/what-is-a-cdc/Fri, 26 Aug 2022 00:00:00 +0000A CDC is a nonprofit entity that works with the SBA and third-party lenders in order to promote economic growth within its area of operation.https://www.sbaexpress.loans/sba-express-glossary/what-is-the-small-business-administration/https://www.sbaexpress.loans/sba-express-glossary/what-is-the-small-business-administration/Fri, 26 Aug 2022 00:00:00 +0000The Small Business Administration, or SBA, is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States.https://www.sbaexpress.loans/sba-express-glossary/what-is-amortization/https://www.sbaexpress.loans/sba-express-glossary/what-is-amortization/Fri, 26 Aug 2022 00:00:00 +0000Amortization refers to debts that are set to be paid off using a fixed repayment schedule.https://www.sbaexpress.loans/blog/sba-express-loan-interest-rates/https://www.sbaexpress.loans/blog/sba-express-loan-interest-rates/Fri, 26 Aug 2022 00:00:00 +0000As of now, the SBA Express loan rates range between 4.5% to 6.5% above the prime rate. This means the current rates are between WSJ Prime + 4.5% and WSJ Prime + 6.5%, providing affordable and competitive options for small business financing.https://www.sbaexpress.loans/blog/sba-express-vs-standard-sba-7a-loans/https://www.sbaexpress.loans/blog/sba-express-vs-standard-sba-7a-loans/Fri, 26 Aug 2022 00:00:00 +0000Let's review some of the major differences between the SBA's standard 7(a) and Express loans.https://www.sbaexpress.loans/blog/sba-express-loans-for-veterans/https://www.sbaexpress.loans/blog/sba-express-loans-for-veterans/Fri, 26 Aug 2022 00:00:00 +0000If 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 varihttps://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-veterans-advantage-program/https://www.sbaexpress.loans/sba-express-glossary/what-is-the-sba-veterans-advantage-program/Fri, 26 Aug 2022 00:00:00 +0000The SBA Veteran Advantage program encourages our beloved veterans to begin their journey into entrepreneurship by waiving the upfront fee on loans less than $500,000 for qualified applicants.https://www.sbaexpress.loans/blog/self-storage-loans/https://www.sbaexpress.loans/blog/self-storage-loans/Fri, 26 Aug 2022 00:00:00 +0000There 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.https://www.sbaexpress.loans/blog/retail-store-loans/https://www.sbaexpress.loans/blog/retail-store-loans/Fri, 26 Aug 2022 00:00:00 +0000If 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.https://www.sbaexpress.loans/blog/restaurant-loans/https://www.sbaexpress.loans/blog/restaurant-loans/Fri, 26 Aug 2022 00:00:00 +0000Learn how your restaurant could take advantage of an SBA Express loan to finance working capital, equipment purchases, and much more.https://www.sbaexpress.loans/blog/preschool-and-daycare-loans/https://www.sbaexpress.loans/blog/preschool-and-daycare-loans/Fri, 26 Aug 2022 00:00:00 +0000In 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. Sohttps://www.sbaexpress.loans/blog/plumbing-company-loans/https://www.sbaexpress.loans/blog/plumbing-company-loans/Fri, 26 Aug 2022 00:00:00 +0000There 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 yourhttps://www.sbaexpress.loans/blog/hvac-company-loans/https://www.sbaexpress.loans/blog/hvac-company-loans/Fri, 26 Aug 2022 00:00:00 +0000Right 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 mighthttps://www.sbaexpress.loans/blog/doctors-office-loans/https://www.sbaexpress.loans/blog/doctors-office-loans/Fri, 26 Aug 2022 00:00:00 +0000Medical practices may need financing to purchase equipment, buy out a partner, and many other things. Find out how the SBA Express loan can help.https://www.sbaexpress.loans/blog/computer-repair-company-loans/https://www.sbaexpress.loans/blog/computer-repair-company-loans/Fri, 26 Aug 2022 00:00:00 +0000Computer 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.https://www.sbaexpress.loans/blog/catering-company-loans/https://www.sbaexpress.loans/blog/catering-company-loans/Fri, 26 Aug 2022 00:00:00 +0000In 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 inhttps://www.sbaexpress.loans/blog/car-wash-loans/https://www.sbaexpress.loans/blog/car-wash-loans/Fri, 26 Aug 2022 00:00:00 +0000In 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.https://www.sbaexpress.loans/blog/car-dealership-loans/https://www.sbaexpress.loans/blog/car-dealership-loans/Fri, 26 Aug 2022 00:00:00 +0000There 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.https://www.sbaexpress.loans/blog/bar-and-club-loans/https://www.sbaexpress.loans/blog/bar-and-club-loans/Fri, 26 Aug 2022 00:00:00 +0000If 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.https://www.sbaexpress.loans/blog/auto-repair-shops/https://www.sbaexpress.loans/blog/auto-repair-shops/Fri, 26 Aug 2022 00:00:00 +0000In 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.https://www.sbaexpress.loans/blog/approval-times/https://www.sbaexpress.loans/blog/approval-times/Fri, 26 Aug 2022 00:00:00 +0000Most 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 anhttps://www.sbaexpress.loans/blog/coronavirus-and-sba-express-loans-update/https://www.sbaexpress.loans/blog/coronavirus-and-sba-express-loans-update/Fri, 26 Aug 2022 00:00:00 +0000SBA 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.https://www.sbaexpress.loans/blog/buying-out-a-partner/https://www.sbaexpress.loans/blog/buying-out-a-partner/Fri, 26 Aug 2022 00:00:00 +0000Yes. 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.https://www.sbaexpress.loans/blog/refinancing-debt-with-sba-express-loans/https://www.sbaexpress.loans/blog/refinancing-debt-with-sba-express-loans/Fri, 26 Aug 2022 00:00:00 +0000If 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 significanthttps://www.sbaexpress.loans/blog/franchises/https://www.sbaexpress.loans/blog/franchises/Fri, 26 Aug 2022 00:00:00 +0000Are 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.