SBA Express Loans: What They Are & How to Apply

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What Is an SBA Express Loan?
Loan Amounts
Interest Rates
Repayment
Processing Time
Approval and Turnaround Time
Why Consider an SBA Loan?
Other Options Than an SBA Loan
SBA Express Loan Requirements and Eligibility
Be for profit Do business in the US or its territories Have a reasonable amount of owner equity to invest Have used other financial resources like personal assets before applying for a loan
Illegal activities Loan packaging Gambling Real estate investing Speculative activities Pyramid sales
How Can Funds from an SBA Express Loan Be Used?
SBA Express Loans vs. 7(a) Loans
The Takeaway
Frequently Asked Questions
Photo credit: iStock/studiostockart
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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