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SBA Express Loan Terms
Loan Amount | Up to $500,000 |
Interest Rates | WSJ Prime plus 4.5% to 8%, based on the loan amount. |
Term Length | Between five and 25 years (or seven years for lines of credit). |
Application Turnaround Time | Two to three days. |
Fund Dispersal Time | 20 to 30 days after approval. |
SBA Guarantee | 50% of the loan amount. |
Collateral | Lenders may use their existing collateral policies for amounts above $25,000. |
Approval Process |
Finance Your Small Business or Startup With an SBA Express Loan
Running a small business isn't easy. Especially when you're short on funds.
With an SBA Express small business loan, you can receive up to $500,000 to take your business to new heights — whether that's buying a competitor, covering working capital, or even acquiring real estate.
The possibilities are endless. The timeline isn't.
SBA Express loans can be approved in as little as two to three days.
Financing terms are incredibly solid, too, thanks to the SBA's 50% guarantee of the loan amount.
Our team connects borrowers with SBA Express lenders every day. By leveraging our expertise and extensive lender contacts, we ensure your business gets the financing it needs — at the best possible terms.
About Janover
Janover makes commercial lending move at the speed of AI. Our suite of commercial real estate, small business, and lender products helps businesses of all sizes find the smartest opportunities and act on them fast.
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What You Need to Know About SBA Express Financing
SBA Express loans fall under the federal government’s SBA Loan Guarantee Program, which guarantees up to 50% of the loan amount.
It's lightning fast: You'll get an approval decision within a few days, and the funds become available within 90 days.
Of course, you will have a harder time getting approved if you aren't prepared — regardless of the loan program.
We break down the entire process in detail to make sure you're up to speed and ready to get the funding your business needs. Our clients apply for SBA Express loans with the highest confidence, backed by the knowledge of our lending specialists.
How Can Funds From an SBA Express Loan Be Used?
The SBA enforces limitations on how a business owner can use the funds provided. The funds must be used in accordance with the guidelines for SBA 7(a) loan usage. That said, SBA loans are well known to cover a wide variety of central business activities, making them an invaluable resource for any small business.
Acceptable Uses
Providing long-term working capital
Accounts payable, purchasing inventory, and other operational expensesProviding short-term working capital
Seasonal financing, contract performance, and/or exportPurchasing equipment, furniture, machinery, supplies, and materials
Covering construction or renovation costs
Establishing or acquiring a new business, or expanding an existing business
Refinancing existing business debt (though restrictions apply)
Prohibited Uses
Reimbursing an owner for previous personal investment into the business
Repaying delinquent taxes
Affecting changes (including to ownership) that will not have a positive effect on the business
Any purpose not deemed a sound business purpose as determined by the SBA
Got any further questions or concerns regarding these rules? Talk to one of our lending professionals at any time.
Why Choose an SBA Express Loan Over Other Forms of Financing?
Though it's often a last resort for business owners who have been denied commercial loans, the SBA Express loan offers huge value. Here are three ways:
- There's no better option on the market when it comes to turnaround time.
- Approval rates are high, thanks to the SBA's guarantee of the loan. If you have less-than-perfect credit history, this can make a huge difference.
- It's an easy small business loan to apply for, especially using our marketplace. Complete one short form to get started.
Do I Qualify for an SBA Express Loan?
Qualifying for an SBA Express loan is pretty simple. There are a few requirements, like operating your business within the United States and not having any existing debt obligations to the government. The criteria aren't nearly as strict as you might think.
The SBA emphasizes the few types of businesses that don't qualify, such as:
Financial institutions engaged in lending
Life insurance companies
Consumer marketing cooperatives
Speculative businesses
Businesses engaged in pyramid or multilevel sale plans
Businesses that can attribute more than one-third of gross annual revenue to gambling activities
Businesses that promote or partake in anyillegal activities
SBA Express Loans provides a definitive list of qualifications for the SBA Express loan.
SBA Express Loans Glossary
Working capital is the amount of capital that is available for the day-to-day operations of a business. Working capital is typically used to pay for regular expenses, such as utility bills, employee payroll, rent, inventory, and marketing costs.
You absolutely can. Thanks to the wide range of permitted loan uses, an SBA Express loan is financing that's easy to approve and is likely perfect for your startup's needs.
SBA microloans, which are some of the easiest SBA loans to get approved for, range in size between $500 and $50,000.
Amortization refers to debts that are set to be paid off using a fixed repayment schedule.
Debt Service Coverage Ratio refers to a borrower's ability to repay debt obligations.
The Small Business Administration, or SBA, is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States.
