SBA Express Loan Terms
Loan Amount | Up to $500,000 |
Interest Rates | WSJ Prime plus 4.5% to 8%, based on the loan amount. |
Term Length | Between five and 25 years (or seven years for lines of credit). |
Application Turnaround Time | Two to three days. |
Fund Dispersal Time | 20 to 30 days after approval. |
SBA Guarantee | 50% of the loan amount. |
Collateral | Lenders may use their existing collateral policies for amounts above $25,000. |
Approval Process |