Express Programs
SBAExpress
The Express program allows lenders delegated credit approval authority to provide both term loans and revolving lines of credit to eligible small businesses with a turnaround time of as little as a day. The program offers a 50% guaranty with a maximum loan amount of $350,000. Working capital loans can be written for up to a 7 year term.
Benefits to Lenders:
Lower your Risk
SBAExpress guaranty is 50%
Grow your Portfolio
Expand existing relationships
Add new clients with broader lending ability
Increase your Competitive Edge
Provide your business clients with a working capital line of credit quickly.
Increase the line at anytime during the term of the loan
sbaSTRATEGIES can assist with the processes from application to servicing the loan.
sbaSTRAGEGIES has SBA experts that can quickly answer SBA related questions for you and the borrower.
Advantages to the Participating Lender
Use your own procedures and paper work
Loans may be accessed by credit cards
No collateral required for loans of $25,000 or less
Use your own collateral policy for loans over $25,000 up to $150,000
Lenders can charge up to 6.5% over prime rate for loans of $50,000 or less and 4.5% on loans over $50,000.
Attractive terms to customers with a low equity requirements
SBA CommunityExpress
The CommunityExpress program allows lenders to provide expansion, start-up capital and working lines of credit to small businesses. The program offers up to an 85% guaranty from the SBA for most loans under $150,000, including unsecured loans up to $25,000 for qualified borrowers and a 75% guaranty on loans of $150,000 to $250,000. Loans over $25,000 the business must be located in a low or moderate income area, HubZone or distressed area. Technical assistance is an SBA requirement for all Community Express loan borrowers.
Benefits to Lenders:
Lower your Risk
SBA guaranty is 75 - 85%
Grow your Portfolio
Expand existing relationships
Add new clients with broader lending ability
Lender’s currency rate, loss rate, etc., on CommunityExpress program will not be considered in lender’s participation in PLP or Express lending.
Increase your Competitive Edge
Provide your business clients up to 90% project financing
sbaSTRATEGIES can assist with the processes from application to servicing the loan and provide the resources to satisfy the technical assistance piece.
sbaSTRAGEGIES has SBA experts that can quickly answer SBA related questions for you and the borrower.
Advantages to the Participating Lender
Use your own procedures and paper work
No collateral required for loans of $25,000 or less
Use your own collateral policy for loans over $25,000 up to $150,000
Attractive terms to customers with a low equity requirements
Loan funds may be used for revolving lines of credit
Most Express loans meet Community Reinvestment Act (CRA) compliance requirements.
PatriotExpress
The PatriotExpress program allows lenders to provide expansion, start-up capital and working lines of credit to small businesses. The program offers up to an 85% guaranty from the SBA for most loans under $150,000, including unsecured loans up to $25,000 for qualified borrowers and a 75% guaranty on loans of $150,000 to $500,000. The business must be owned by a veteran, reservist, National Guard member or spouse of above or widow of a service member who died during service or from a service-connected disability.
Benefits to Lenders:
Lower your Risk
SBA guaranty is 75 - 85%
Grow your Portfolio
Expand existing relationships
Add new clients with broader lending ability
Increase your Competitive Edge
Provide your business clients with a working capital line of credit quickly
Increase the line at anytime during the term of the loan
sbaSTRATEGIES can assist with the processes from application to servicing the loan
sbaSTRAGEGIES has SBA experts that can quickly answer SBA related questions for you and the borrower
Advantages to the Participating Lender
Use your own procedures and paper work
No collateral required for loans of $25,000 or less
Attractive terms to customers with a low equity requirements
Loan funds may be used for revolving lines of credit
Most Express loans meet Community Reinvestment Act (CRA) compliance requirements
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