Click Here for more details. Loan packages are submitted to the SBA and a decision usually is made within 3 days . The intermediary helps the borrower locate a lender offering the most competitive rates. Interest rates are negotiated between the borrower and lender and subject to SBA maximums pegged to the Prime Rate. Although inadequate collateral will not be the sole reason for denial of a loan request, the nature and value of that collateral will factor into the credit decision.
Program serves eligible borrowers who meet size and eligibility standards.
The program targets low moderate income, new market customers, disabled, new and emerging businesses, veterans, exporters, rural and specialized industries. Click Here for more details. Community Express A pilot loan program that works in collaboration with the National Community Reinvestment Coalition to help small businesses start, build or grow. Program is limited to selected areas and lenders . Focuses primarily on low and moderate income areas and SBA's new markets .