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About SBA Express Loan

SBA Express Loans have a maximum amount of $350,000 and usually have a 5-7 year term. Loan proceeds can be used for all the same purposes as the SBA Advantage loan.

The SBA allows an Express Loan to be structured as either a straight term loan or as a credit line. At First National Bank Small Business Finance, we do not offer the Express Loan as a stand-alone product, but rather as an additional product along with an Advantage or Grow Loan as a credit line for working capital.

A Flexible Commercial Finance Product

Our typical structure on an Express Loan is to have a Working Capital Line that can be drawn on for two years, with any balance outstanding after two years to be repaid on a 5-year term for a total term of 7 years.

In general, the product advantages of an SBA guaranteed loan are:

  • Lower Equity Injection requirements to keep more working capital in the business
  • Longer-term loans to keep required payments lower every month
  • Fully amortizing loans – no balloon payments or refinance required
  • Combine many uses of funds into one loan (Advantage Loan)
  • No loan covenants that may impact business operations

Things to know before you apply:

Depending on your type of organization, we may need one or more of the following documents when opening your account:

  • Department of State printout of business registration/Government-issued business license
  • CPA-signed tax return
  • Articles of Incorporation or Articles of Organization
  • Bylaws or Operating Agreement
  • Partnership Agreement

Have the following items available for your meeting with our experienced team:

  • All current mortgage statements
  • Current bank statements and/or account balances
  • List of all owners having 20% or more ownership in the subject business along with any affiliates (if applicable)
  • List of all current business debts and their respective monthly payments
  • Tax Identification Number for the business and/or its affiliates.
  • DUNS (Data Universal Numbering System) number