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The SBA Express allows certain lenders to generally use their own processes and procedures in exchange for a lower SBA guaranty percentage. SBA Express lenders have delegated authority to process, close, service, and liquidate the 7(a) loan without SBA review.
Learn how to make a payment on your SBA loan or check your account balance and due date.
The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.
SBA offers support for veterans as they enter the world of business ownership. Look for funding programs, training, and federal contracting opportunities.
The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for: Acquiring, refinancing, or improving real estate and buildings; Short- and long-term working capital ; Refinancing current ...
This notice announces the changes to the SBA Express Loan Program made by the CARES Act.
The SBA remains committed to maintaining a range of updated product offerings for small businesses to access working capital under the 7(a) Loan Program, including SBA Express loans, CAPLines, Export Loans and this new WCP.
For most 7(a) loan programs, SBA guarantees up to 85 percent of loans of $150,000 or less, and up to 75 percent of loans above $150,000. However, SBA provides a 50% guaranty on SBA Express loans. SBA provides a 90% guaranty for Export Express, Export Working Capital Program (EWCP), and International Trade loans.
Authorization (SBA Express/Export Express Loan) Download .docx. File size: 22KB. Related Programs: Related programs: 7(a) Related documents Procedural notice 5000-1217 Issuance of SOP 50 10 5(D) - Lender and Development Company Loan Programs. Support SBA Express Loan Authorization letter template ...
Summary: This document shows which servicing and liquidation actions 7(a) lenders can take on their own, and which require prior approval from the SBA.