Tired of being declined for ‘normal’ bank credit? Fed up of factors such as length of time in business or more conservative underwriting factors acting as the spanner in the works? Well, have you heard of the SBA Express Loan yet? If you haven’t, then you’re in for a pleasant surprise.

The SBA Express Loan lets you apply for a maximum loan amount of $350,000 (recently raised to $1,000,000) with an accelerated turnaround time for SBA review. You can expect a response to your application within as little as 36 hours. No more waiting for weeks and months to get a response from banks! What’s more, you get a SBA guarantee of up to 50%. Lenders and borrowers can negotiate the interest rate. Wondering about collateral terms? Lenders are not required to take collateral for loans up to $25,000. Further they may use their existing collateral policy for loans over $25,000 up to $350,000.

The Express loan program offers term loans and line of credit options. You can use the proceeds for financing business acquisition, equipment, debt refinance, working capital, inventory and tenant improvements.

Here are some of the key benefits
• Reduced SBA eligibility documentation requirements
• Business assets may be used as collateral
• Accelerated processing with conventional loan documentation
• Longer loan terms available

Sounds good? Visit SBA approved franchise to know more!

Contact: Richard
Business Development
[email protected]
(212) 658-1353