The SBA Express Loan allows the lender to approve the loan and requires no additional paperwork for the SBA. It provides for rapid response from the SBA, simplifies the application process, and helps lenders provide smaller revolving loans to businesses.
The maximum amount of this loan is $150,000, and is available for entrepreneurs who are starting, expanding, or building a business. Businesses that meet the SBA size standards, and satisfy other criteria are also eligible.