SBA Express Loan

Up to 150K in 30 days, No Personal Collateral, 10 year term
WSJ Prime +2.75% , simple interest


 

SBA Express Loan

Up to 150K in 30 days, No Personal Collateral, 10 year term, WSJ Prime +2.75% , simple interest

Learn why The SBA Express Loan for startup businesses is the best small business financing option available

Advantages over other financing options


  • Collateral may or may not be required depending on applicant and business
  • No need to roll over a large portion of your 401K
  • No need for multiple Business credit cards with compounding interest

SBA Express Loan Terms


  • 7 to 10 Year term loan
  • Interest Rate is WSJ Prime + 2.75%
  • Loan may adjust Quarterly with WSJ Prime
  • Fully Amortized loan paying Principal/Interest monthly
  • No prepayment penalty
  • Loan funds deposited into your business checking account
  • Funding in 30 to 45 days
  • Up to $150,000

SBA Express Loan Requirements


  • Credit Score of 685+
  • Cash injection of 10-20% of the loan amount and no less than 15% in reserves
  • Revolving credit usage under 37%
  • No Tax Liens or Judgements that have not been released/satisfied
  • Bankruptcies must be over 36 months from released date

Advantages over other financing options


  • Retirement funds and other personal liquid assets are not at risk and available for future use
  • No need to roll over a large portion of your 401K
  • No need for multiple Business credit cards with compounding interest

Loan Specifics


  • 10 Year term
  • Interest Rate is WSJ Prime + 2.75%
  • Loan may adjust Quarterly with WSJ Prime
  • Fully Amortized loan paying Principal/Interest monthly
  • No prepayment penalty
  • Loan funds deposited into your business checking account
  • Funding in 30 to 45 days
  • Up to $150,000

Applicant Criteria


  • Credit Score of 685+
  • Cash injection of 10% of the loan amount and no less than 15% in reserves
  • Revolving credit usage under 37%
  • No Tax Liens or Judgements that have not been released/satisfied
  • Bankruptcies must be over 36 months from released date

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