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 . Program also includes technical and management assistance to help increase the loan applicant's chances of success. Length of time for repayment depends on the borrower's ability to repay and use of the loan proceeds. Interest rates are tied to the prime rate but cannot exceed SBA maximums. To qualify, businesses must meet the SBA's size standards and fall within specific geographic areas, usually low and moderate Income areas .