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SBA Express Loan

Total votes: 32
Detail Description: 

The SBA Express program gives small business borrowers an accelerated turnaround time for SBA's review. You will receive a response to your application within 36 hours. In addition, lower interest rates are often available to you when you apply through an Express program. The program authorizes selected, experienced lenders to use mostly their own forms, analysis and procedures to process, service and liquidate SBA-guaranteed loans. The SBA guarantees up to 50 percent of an SBA Express loan. Loans under $25,000 do not require collateral. The use of loan proceeds is the same as for any basic 7(a) loan.

Learn More: 
http://www.sba.gov/loans/business
Contact Information
Small Business Administration
SBA AnswerDesk
Office of Capital Access

1-800-827-5722

Comments

Michelle Gabriel's picture

Submitted by Michelle Gabriel (not verified) on March 26, 2012 - 10:39pm
I'm having difficulty finding an SBA Express loan intermediary in my area of North Texas. Do you have any leads?
cslating's picture

Submitted by cslating on April 3, 2012 - 10:03am

Please contact your local SBA district office. They can go over your situation and recommend some next steps. To find your local SBA district office, please go here: www.sba.gov/localresources.

Worthy's picture

Submitted by Worthy (not verified) on May 4, 2012 - 2:05pm
Need financing for my lawn business. have equipment already but need additional equipment and funds for more advertising need some assistance please
jaardappel's picture

Submitted by jaardappel on May 9, 2012 - 3:26pm

Please contact your local SBA district office. They can go over your situation and recommend some next steps. They will most likely ask you to work with a small business advisor in your area who can help with strategies for obtaining a loan or other financing. To find your local SBA district office, please go here: www.sba.gov/localresources.

7-11 franchisee's picture

Submitted by 7-11 franchisee (not verified) on May 5, 2012 - 11:36am
I'm a retired militrary and have a 50% share on an existing 7-11 franchisee store for over a year now. I'm planning to apply for a business loan for around 200k to get my own 7-11 franchisee. What qualify as express loan on loan limit and the turaround time from the time of application. Also what is the best program for me to get approved under this conditions.
jaardappel's picture

Submitted by jaardappel on May 9, 2012 - 3:23pm

For information about the Express Loan at the SBA, please contact your local SBA district office. They can go over your situation and recommend some next steps. They will most likely ask you to work with a small business advisor in your area who can help with strategies for obtaining a loan or other financing. To find your local SBA district office, please go here: www.sba.gov/localresources.

Barbara's picture

Submitted by Barbara (not verified) on May 22, 2012 - 11:48pm
I want to start a trucking bussiness, I am in Dallas, TX area and I would like to have some funds for fuel and equipment.
jaardappel's picture

Submitted by jaardappel on May 24, 2012 - 8:30am

There are a number of resources available to help entrepreneurs start and grow businesses – including loans and training.
• Contact your local Small Business Development Center. Go to www.asbdc-us.org to find an office near you.
• Connect with a business mentor. Visit www.score.org or call 1.800.634.0245 to find a SCORE chapter in your area.
• Contact the U.S. Small Business Administration at 1.800.827.5722 or submit your question to answerdesk@sba.gov. .

Business's picture

Submitted by Business (not verified) on June 25, 2012 - 1:10am
Hey...good discussion. I also want to start my trucking business. I think your content would be very helpful for me in this context. <a href="http://entrepreneurweek.com/">Business</a>
Brian's picture

Submitted by Brian (not verified) on June 28, 2012 - 7:47pm
i want to start a finance company
Doris Rivera-Black's picture

Submitted by Doris Rivera-Black (not verified) on July 3, 2012 - 7:40pm
What credit score do you need to have to be approved for a small business loan?
jaardappel's picture

Submitted by jaardappel on July 6, 2012 - 9:23am

Contact the U.S. Small Business Administration at 1.800.827.5722 or submit your question to answerdesk@sba.gov.

Anonymous's picture

Submitted by Anonymous (not verified) on July 5, 2012 - 7:48pm
I am trying to get funds to aquire machinery to clean up old lands that are so bad that there is no hope for that land owner. I live in a place where Timber is considered "farming". After the timber is taken the underbrush takes over and that land is no longer accessible!
jaardappel's picture

Submitted by jaardappel on July 6, 2012 - 9:15am

There are a number of resources available to help entrepreneurs start and grow businesses – including loans and training.
• Contact your local Small Business Development Center. Go to www.asbdc-us.org to find an office near you.
• Connect with a business mentor. Visit www.score.org or call 1.800.634.0245 to find a SCORE chapter in your area.
• Contact the U.S. Small Business Administration at 1.800.827.5722 or submit your question to answerdesk@sba.gov.

Mo 's picture

Submitted by Mo (not verified) on July 10, 2012 - 5:14pm
Hello, I recently started a keepsake print business. I would like to expand by offering more programs within the same category and need a loan to do such as well as to possibly rent a business space to do such. Thanks
jaardappel's picture

Submitted by jaardappel on July 18, 2012 - 2:51pm

There are a number of resources available to help entrepreneurs start and grow businesses – including loans and training.
• Contact your local Small Business Development Center. Go to www.asbdc-us.org to find an office near you.
• Connect with a business mentor. Visit www.score.org or call 1.800.634.0245 to find a SCORE chapter in your area.
• Contact the U.S. Small Business Administration at 1.800.827.5722 or submit your question to answerdesk@sba.gov.

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