SBA 7a Express:

Working Capital Loan

  • For any business use
  • Pay off existing debt
  • Equipment purchase

What's SBA 7a loan?

This is the most common SBA loan for businesses. Small Business Administration (SBA) does not give loans to businesses directly.  SBA gives a guarantee 70% - 85% to the bank for a business in case the business defaults on the loan, so the bank can give low rates and longer terms since it's guaranteed by SBA.

SBA 7a loan can give up to $5,000,000 with 10 - 25 years terms.

But it's very complicated processing and takes a long time to get fund.  However we specialize SBA 7a Express program with much more simpler online processing system. So you can get funded within 1 or 2 months.

SBA 7a Express:

  • Rate 7%-9% APR
  • Amount up to $350,000
  • 10 years Term
  • Only closing fee, no additional broker fee
  • Processing time: within 1 or 2 months with all requires docs

<Pre Qualifications>

-Minimum credit fico 650

-Minimum of 2 years in business

-Must be a US citizen or a permanent resident

-No bankruptcies or foreclosures within the last 3 years

-No outstanding tax liens

-No delinquencies or default on any government loan

-Minimum annual revenue $500,000 and more

-Maximum tangible asset $15 million, under $5 million annual net income

<Required Basic Documents>

-Recent 2 years of personal & business tax returns

-Year to Date; profit & loss, balance sheet

-Debt schedule

-6 recent months bank statements

SBA 7a Business Loan