The LowDoc is the SBA's answer to the staggering amounts of documentation often required in order to get a loan. This loan program insures quick SBA turn-around with an easy one-page application.
Maximum guaranteed amount is $150,000 for expansion, renovation, new construction, and other uses. Maturity depends on ability to repay and use of proceeds; not to exceed 25 years for fixed assets, 10 years for all other uses. Interest rates negotiable with lender.